1.0-20pc cash incentive on exports announced

Bangladesh Bank (BB) has announced cash assistance for 43 products for the current fiscal year (FY 2023-24) to boost their exports.

The exporters will get this cash assistance at the rates range between 1.0 per cent and 20 per cent, reports UNB.

The Foreign Exchange Policy Department of the BB issued a notification in this regard on Thursday.

According to the instructions of the circular, 43 products will get incentives or cash assistance against exports during the period from July 1, 2023, to June 30, 2024. These 43 products got similar support last year too.

A BB official said that, according to the government decision, this circular has been issued regarding the payment of cash assistance with necessary instructions for the current FY.

Exporters say that the cash assistance announced in the ongoing situation will help boost exports.