Tk 18.31b incentives released for exporters

The government has released a sum of over Tk 18.31 billion in favour of the Bangladesh Bank for the payment of cash incentives to local exporters, officials said.

It is the second installment of cash incentives/subsidy for the October-December quarter of the current financial year (FY '21).

Of the amount, Tk 1.25 billion will go to the jute sector while Tk 17.06 billion to other sectors, according to the finance division.

A special 1.0 per cent cash incentive support fund for the readymade garment (RMG) sector has also been included in the second instalment, according to a letter of the ministry of finance (MoF) to the central bank.

The government has yet to announce the rates of cash incentive/subsidy for the FY '21.

In the current fiscal year, the government has kept all facilities unchanged that it provided in the last financial year for the country's exporters.

An official of the finance ministry said the fund has been released in favour of the central bank.

The Office of the Controller General of Accounts (CGA) will issue debit authority over the released fund.

[email protected]