Bangladesh Investment Development Authority (BIDA) and Bangladesh Economic Zones Authority (BEZA) Executive Chairman Ashiq Chowdhury announced that a new digital application will be launched next year to reduce bureaucratic harassment faced by entrepreneurs during business registration. Speaking at the inauguration of the seven-day National SME Product Fair on December 7, he said the app will allow entrepreneurs to complete registration processes online, minimizing direct contact with government offices. The event, attended by industry advisers and SME representatives, highlighted persistent challenges in the SME sector, including high interest rates—15% for bank loans and up to 25% for NGO loans—driven by inflation. Speakers also noted that loan disbursement to SMEs has declined amid election-related stagnation, despite banks holding surplus liquidity of about BDT 1.5 trillion. Stakeholders urged reforms to make bonded warehouse procedures more SME-friendly and emphasized that increased investment in industrial parks could protect agricultural land and stimulate economic recovery once demand improves.