Bangladesh Small and Cottage Industries Corporation (BSCIC) (বিসিক) provides comprehensive support services to small, rural, and cottage industry of Bangladesh, particularly in the small and cottage industries sector. It was created through an Act of Parliament in 1957, which was later amended in 1992. BSCIC has country-wide institution network to provide doorstep services for entrepreneurs. Head Office of BSCIC is located at 137–138, Motijheel, Dhaka, Bangladesh.

History

Bangladesh Small and Cottage Industries Corporation traces its origins to East Pakistan Small and Cottage Industries Corporation, which was established through the East Pakistan Small and Cottage Industries Corporation Act. 1957. The act was created by the Minister for Labour, Commerce and Industry Sheikh Mujibur Rahman of the United Front government of East Pakistan. After the Independence of Bangladesh, it was made into BSCIC. In October 1973, BSCIC was split into Bangladesh Cottage Industries Corporation and Bangladesh Small Industries Corporation. In 1975, Bangladesh Handloom Board and Bangladesh Sericulture Board were separated from BSCIC.

Definition

Functions

BSCIC provides medium and long-term loans to small industries, either directly, or through a consortium of commercial banks. BSCIC also provides assistance in all other matters relating to the development and expansion of small and cottage industries (SCI). The Bangladesh Small and Cottage Industry Corporation (BSCIC) is the official body which monitors the development of self-employment, cottage industries and small enterprises. It produces statistics on the types of enterprises, their activities and the number of people employed. Its major functions are:

Current status

BSCIC has developed a total of 74 industrial estates throughout the country to foster the growth of SCIs in a balanced manner and also construction works for a number of estates including special types like Tannery, API (Active Pharmaceutical Ingredients) and Garments Park are under execution.

Footnotes

1 BSCIC_ACT http://bdlaws.minlaw.gov.bd/pdf_part.php?act_name=&vol=&id=274