CMSME growth key to national development, Adviser Titumir calls for financial sector reforms

Prime Minister's Adviser on Finance and Planning Rashed Al Mahmud Titumir on Wednesday said the development of the cottage, micro, small and medium enterprise (CMSME) sector is synonymous with the country’s overall economic progress, underscoring the need for a strong and inclusive financing ecosystem.“We want to see a strong CMSME base in the country,” he said while addressing a focus group discussion titled “Synergizing the Banking Sector: Lenders and Borrowers’ Perspective,” organised by the Dhaka Chamber of Commerce and Industry (DCCI) at its auditorium.Titumir stressed closer collaboration between the government and the private sector to accelerate CMSME growth, noting that reforms in the Bank Company Act and other financial laws are inevitable to build a coordinated economic framework.Highlighting the need for sustainable financing, he emphasised developing a robust bond and capital market as alternative sources of funding alongside traditional banking channels.“The government is committed to supporting labour-intensive industries to boost ...

• 15 Apr 2026