Dhaka, June 4 -- Across South Asia and beyond, small and medium enterprises (SMEs) are often celebrated as the engines of economic growth. In neighbouring countries, this recognition has translated into real policy action, institutional support, and financial commitment.

Unfortunately, in Bangladesh, the story is more complicated-and far less inspiring.

Take India, for example. The country has a dedicated Ministry of Micro, Small and Medium Enterprises, which not only protects but actively nurtures small businesses.

Since 1990, the Small Industries Development Bank of India (SIDBI) has operated as a commercial bank, providing focused financial services to the sector.

Even Pakistan, despite grappling with many economic challenges, has ...