Definition of SME
Definition of SME:
Existing definition of SME is recommended by Better Business Forum and accepted as a uniform one by Ministry of Industry and Bangladesh Bank. Criteria of the definition of SME are given below:
Bangladesh Bank
Definition of Small Enterprise:
Small Enterprise refers to the firm/business which is not a public limited company and complies
The following criteria:
Serial No.
Sector
Fixed Asset other than
Land and Building (Tk.)
Employed Manpower
(not above)
01.
Service
50,000-50,00,000
25
02.
Business
50,000-50,00,000
25
03.
Industrial
50,000-1,50,00,000
50
Definition of Medium Enterprise:
Medium Enterprise refers to the establishment/firm which is not a public limited company and
Complies the following criteria:
Serial No.
Sector
Fixed Asset other than
Land and Building (Tk.)
Employed Manpower
(not above)
01.
Service
50,00,000-10,00,00,000
50
02.
Business
50,00,000-10,00,00,000
50
03.
Industrial
1,50,00,000-20,00,00,000
150
Ministry of Industries
Government of the People’s Republic of Bangladesh
***Enterprises shall be categorized using the following definition (fixed investment implies exclusion of land and building, and valuation on the basis of current replacement cost only): ♦ Small enterprise: An enterprise should be treated as small if, in today’s market prices, the replacement cost of plant, machinery and other parts/components, fixtures, support utility, and associated technical services by way of capitalized costs (of turn-key consultancy services, for example), etc., excluding land and building, were to be up to Tk. 15 million;
♦ Medium enterprise: an enterprise would be treated as medium if, in today’s market prices, the replacement cost of plant, machinery, and other parts/components, fixtures, support utility, and associated technical services (such as turn-key consultancy), etc., excluding land and building, were to be up to Tk. 100 million;
*** For non-manufacturing activities (such as trading or
Existing definition of SME is recommended by Better Business Forum and accepted as a uniform one by Ministry of Industry and Bangladesh Bank. Criteria of the definition of SME are given below:
Bangladesh Bank
Definition of Small Enterprise:
Small Enterprise refers to the firm/business which is not a public limited company and complies
The following criteria:
Serial No.
Sector
Fixed Asset other than
Land and Building (Tk.)
Employed Manpower
(not above)
01.
Service
50,000-50,00,000
25
02.
Business
50,000-50,00,000
25
03.
Industrial
50,000-1,50,00,000
50
Definition of Medium Enterprise:
Medium Enterprise refers to the establishment/firm which is not a public limited company and
Complies the following criteria:
Serial No.
Sector
Fixed Asset other than
Land and Building (Tk.)
Employed Manpower
(not above)
01.
Service
50,00,000-10,00,00,000
50
02.
Business
50,00,000-10,00,00,000
50
03.
Industrial
1,50,00,000-20,00,00,000
150
Ministry of Industries
Government of the People’s Republic of Bangladesh
***Enterprises shall be categorized using the following definition (fixed investment implies exclusion of land and building, and valuation on the basis of current replacement cost only): ♦ Small enterprise: An enterprise should be treated as small if, in today’s market prices, the replacement cost of plant, machinery and other parts/components, fixtures, support utility, and associated technical services by way of capitalized costs (of turn-key consultancy services, for example), etc., excluding land and building, were to be up to Tk. 15 million;
♦ Medium enterprise: an enterprise would be treated as medium if, in today’s market prices, the replacement cost of plant, machinery, and other parts/components, fixtures, support utility, and associated technical services (such as turn-key consultancy), etc., excluding land and building, were to be up to Tk. 100 million;
*** For non-manufacturing activities (such as trading or