The government on Thursday proposed an allocation of Tk500 crore to encourage new entrepreneurs, considering the potential of the information technology sector.
Finance Minister Amir Khosru Mahmud Chowdhury made the announcement while presenting the national budget for FY2026–27 in Parliament.
He said the government envisions that young people will take the lead in creating new employment opportunities.
“New employment opportunities will be created in the country through the expansion of the ICT- and automation-based economy. To this end, initiatives have been undertaken to formulate a timely and modern startup policy. Steps have also been taken to consolidate various startup funds into a unified startup financing mechanism," Amir Khosru said.
"The government believes that with adequate support, the talented and creative youth of Bangladesh will be capable of establishing world-class technology hubs in the country, comparathey ble to those in Silicon Valley in the United States, Shenzhen in China, Singapore, and United Arab Emirates (particularly Dubai) in the future,” he added.