Bangladesh Small and Cottage Industries Corporation (বিসিক) (BSCIC) 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.[1][2]
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.[2]
Small Industry (Manufacturing): Small Industry means an industry in which the value/replacement cost of durable resources other than land and factory buildings is in between (.05 to 15 million) taka and employment generation is not more than 50 persons.
Cottage Industry (Manufacturing): Cottage Industry means family an industry in which members are engaged part-time or full-time in production and service-oriented activities.
Medium Industry (Manufacturing): Medium Industry means an industry in which the value/replacement cost of durable resources other than land and factory buildings is between 15 million and 200 million taka and employment generation is not more than 150 persons .[3]
Functions
[edit]An industrial unit established by a private entrepreneur with the support services of BSCIC
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.[4]
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.[5]
