Creating new entrepreneurs stressed for economic growth

Speakers at a seminar laid emphasis on developing new entrepreneurship to ease the country’s desired journey towards middle and upper income country.

To this end, they suggested the government to frame entrepreneur-friendly policy so that they could get easy access to financing from the banking sector.

Dhaka School of Economics (DScE) organized the seminar titled “Banking and Insurance Procedures and Hindrance for Entrepreneurial Economics Growth” at its seminar room, said a press release today.

Bangladesh Economic Association (BEA) Vice-President and Islamic Finance and Investment Limited (IFIL) Managing Director A Z M Saleh made keynote presentation with the Course Coordinator of DScE Entrepreneurship Economics Professor Dr Muhammad Mahbook Ali in the chair.

Helal Ahmed Chowdhury, former Managing Director of Pubali Bank, Mohammad Nurul Amin, Managing Director of NCC Bank, Kazi Md Mortiza Ali, Director General of Bangladesh Institute for Professional Development (BIPD), Dr Shafikuzzaman Siddiquee, Associate Professor of University Malaysia Sabah, and Rehana Parveen and Sara Tasneem, Associate Professors of DScE, among others, spoke on the seminar.

Helal Ahmed Chowdhury said bank and insurance institutions should take effective measures to allow the new entrepreneurs for grow up.

Mohammad Nurul Amin said country needs entrepreneurs to move ahead and that is why formal education is required for entrepreneurs. “Those who become entrepreneurs have to attain academic knowledge for entrepreneurship along with the risk absorbing mentality,” he added.

Professor Mahboob Ali said bank and insurance institutions have huge scope of expansion in SME and rural economy. So, the government should focus on these areas to make bank and insurance popular.