Govt releases cash incentives for exporters

FE Report | Published: August 10, 2018 15:41:30 | Updated: August 12, 2018 12:00:09


Picture used for illustrative purpose only. Courtesy: ADB

The government released the first installment of cash incentives amounting to Tk 11.25 billion for disbursement among major exporters in fiscal year (FY) 2018-19.

The Ministry of Finance issued a circular in this regard on Thursday.

The cash incentives will be provided for the exporters during the period from July to September in 2018.

Of the total amount, the jute and jute product sub-sector will receive Tk 1.25 billion in the first installment and other sectors receive the remaining Tk 10 billion.

The government has decided to release a total of Tk 45 billion as cash incentives in the current fiscal.

The sectors enjoying the cash subsidy include apparel manufacturing industries, frozen foods and fish, leather products, agro-based products and agro-processing industry.

At present, a total of 36 export-oriented sectors are receiving cash incentives on their export earnings.

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