Private Sector SMEs in Realizing SDG 1- 'No Poverty' in the Context of Bangladesh

Abstract

The private sector’s role in the Bangladesh economy is indispensable. SMEs contribute to economic development. Private sector growth helps SME expansion. Since most SMEs belong to the marginal section of society, the implications of SMEs is widespread in terms of poverty alleviation and socio-economic improvement. Sustainable Development Goals (SDG) 2030 agenda was globally endorsed. Bangladesh is working through collective public and private sector cooperation to achieve them. The private sector has proven its capacity in reshaping economic performance and SME including poverty elimination. No poverty- is the first goal of SDG and associated with economic visions. As SME is the frontier of the economy, zero poverty target can be gained through substantial private sector SME endeavor. Secondary data used and parametric assessment techniques were considered. A significant relation of Industry, manufacturing, and GDP ratio was proven. This article justifies the nexus of private sector SME and zeroes poverty in Bangladesh highlighting relevant issues, challenges, and way out for SDG targets.