Annual income of SME sector is certainly reduced by 67% in 2020 in comparison to 2019
The Covid-19 pandemic, accompanied by the monetary ramification, has affected persons from all walks of life and several have been compelled to select lower-grade jobs to be able to survive.
Neaj Ahmed completed his graduation in Food Engineering from Hajee Mohammad Danesh Technology and Technology University. Along with his academic expertise, he and his friend Rubiyat Meer Shahid, a Dhaka University graduate, started a restaurant called D6 Diner in Dhaka’s Dhanmondi area.
As the pandemic hit, that they had to stop conducting business following the lockdown. However, they had a need to run the business enterprise for the sooner investments. They known as up their employees to join work, but no one responded.
At this stage, Neaj took your choice that he'll cook by himself and deliver the meals from door to door -- transferring himself to a chef and delivery man from a food engineer.
Neaj said: “I am a food engineer and I know that if I make and deliver the meals by myself to our regular customers, they will believe that it really is hygienic."
“It had been challenging, as no person trusted food from exterior due to safety problems. We took that obstacle and the pandemic condition has taught us many things.”
“There is practically nothing to be worried about or be frustrated. We must cope with the changing circumstances and find a path to survive,” he added.
Neaj feels proud to become a chef and delivery person for his own business. He encourages others through social medias to do things by following various ways.
Difficult to maintain life-style
Shahjahan Chisty has a decorating business in Taltola’s Mollapara area. He items chair, table, curtain, plate, glass, etc. to unique social and religious programs including weddings and birthdays.
He previously to totally end doing his organization as public gatherings were forbidden all over the united states from the first day time of the Covid-19 lockdown. Right now he offers spices at his decorator shop.
“I have to live. This is why I am retailing spices to feed my family,” said Shahjahan.
However, it is actually tough for him to perform his relatives, pay rent for his retailer, warehouse and house with the limited amount of cash he earns from retailing spices.
“In total, I must pay Tk30,000 for lease and have five members of the family to feed. It is hard to survive with the amount of money I earn from offering spices,” he added.
He said, Saiful Islam, another decorating businessman found in Taltola, has started selling tea at his retailer.
Recently, the number of vegetable vendors have increased in the streets of Dhaka. A lot of them are newcomers to the business as they have shed their jobs as a result of the Covid-19 pandemic.
Tuhin, a good National University graduate, has been advertising vegetables on a good van in Shewrapara spot. He seemed gradual and unfamiliar with the business.
Tuhin said: “I used to do the job for a recruiting agency and lost my work due to the Covid-19 pandemic. I have to do something to feed my children, so I am selling vegetables now."
“However, the money I earn is not enough to go my family and I am trying to do something different and much better than this.”
He is doing the business far away from his home as no one, not his family, knows he is selling veggie, he added.
According to a report report, published by Bangladesh Institute of Creation Studies (BIDS) about June 24, cash flow was reduced by 75% meant for 19.23% of the participants, with income significantly less than Tk5,000.
Meanwhile, 23.31% of participants, with income between Tk5,000-Tk15,000, reported a drop of 50% in comparison to their carry on month’s income.
Annual earnings of SME (tiny and medium-sized enterprises) sector is definitely reduced by 67% on 2020 compared to 2019, reported another study report posted by BIDS on the same day.