Govt releases Tk 16.83b cash incentives for local exporters
The government released Tk 16.83 billion on Monday for the payment of cash incentives to local exporters on their export earnings.
It is the third installment of cash incentives for the January-March period of the current fiscal year (FY), 2020-21.
Export oriented sectors including readymade garment (RMG), frozen shrimp and other fish, leather items, jute and jute products will enjoy the incentives, according to a circular of Finance Division.
Of the amount, Tk 2.50 billion will be distributed for the jute sector while Tk 14.33 billion for other sectors, it said.
A special 1.0 per cent cash incentive support fund for the RMG industry has also been included in the installment.
The government provides cash incentive facility to exporters in more than 35 categories.