The
Banglapedia project originated when the Asiatic Society of Bangladesh was working on a three-volume study titled
History of Bangladesh, 1704-1971 in 1991. The editors felt the need for a standard desk reference, as that project progressed laboriously, culling facts from various libraries. The idea finally led to a concept paper prepared by Sirajul Islam and his colleagues and submitted to the Asiatic Society of Bangladesh in early 1994. The
Banglapedia project was formally adopted on 19 February 1997, and Islam was appointed project director and chief editor. As the head of the Project Implementation Committee, his task was to plan and manage the project funding. In 1996, some three dozen committees were formed with three to four people in each committee to recommend the entries. Twenty-seven thousand entries were proposed, requiring a 20-volume compendium. Because of financial constraints, the number of entries was cut down to around 6,000. The project officially took off in 1998. When the project began, the Society had only eight hundred thousand
taka in its coffers for the project.
Banglapedia raised further contributions from universities, banks, multinational companies, international organisations and even private individuals. A pool of agencies, including
UNESCO, the
University Grants Commission, universities, financial institutions and NGOs initially financed the project, which was completed at a cost of taka 80 million. Education Ministry funded about 74% of the cost, while 26% of the fund came mostly from universities and banks. Before direct sales started on 3 January 2003, 4,000 copies of the English version and all but 250 copies of the Bengali version were sold in advance out of the initial print of 5,000 copies for each versions. For an additional run of 10,000 prints people waited in queues outside the Asiatic Society office on the day of the release, and sales continued until 9:30 in the evening. A total of 4,500 sets of the
Bengali version and 2,500 of the English version were sold on the day of release. ==History of Bengali-language encyclopedias==