Types of Micro-Firms: According to the study, there were different types of handicrafts products were producing in surveyed area, including like Nakshi katha, kasa pitol, satrangi, shola craft, wood work, jute, brass ware, traditional dolls, well decorative bamboo made items, vases, Nakshi Kantha, Jamdani, Shital Pati and Jute craft, and hand made with fine engravings and filigree work all of which were run and owned by both men and women. Additionally, the study identified two forms of ownership, namely single ownership and joint ownership, with single ownership predominating and representing 98.3% of all categories of MEs.
Infrastructure and Loan Status: In the area investigated, numerous tin or mud dwellings have been seen (62.4%). Additionally, most of the MEs had debts with one or more loan provider organizations. Study found that the majority of MEs had loans under 40,000 Taka.
Properties and Assets Comparison: The majority of businesses had a sizable properties/asset worth 5 lacs in the study area.
Contribution to Family Income: According to data, the majority of MEs in the research area had low monthly incomes, with only a vast percentage earning below 80000. The study found that in the study area, MEs played important roles in meeting basic needs and other requirements connected to household needs. It was revealed that enterprise contributed to the family income with 30% which came from business.
Employee Comparison: According to data on employee status, the majority of businesses had between one and four employees while 70.5% had one to two employees.
Conducting Activities: The study discovered that MEs in the study area carry out a variety of tasks, from gathering raw materials to producing, marketing, assistance collection, problem solving, promoting and branding of the products.
Capital Status: The majority of the businesses in the study region had less than 1.5 lac in capital equivalent. Additionally, it was discovered that the majority of them (42.3%) had even lower money (below 60,000).
Legal and Marketing Requirements: According to the report, the majority of MEs were not very familiar with legal requirements. About 93% of the enterprises had no legal status in terms of VAT, registration, and membership in homogenous associations. Additionally, MEs wanted to promote digital marketing and brand promotion for their products in order to boost sales both domestically and abroad. (to be continued)