The government has released a sum of Tk 19 billion for the payment of cash incentives to local exporters on their export earnings, officials said.
It is the first instalment of cash incentives for July-September period of the current fiscal year (FY) 2022-2023.
Export oriented sectors, including readymade garment (RMG), will get the amount, said an official.
A special 1.0 per cent cash incentive support fund for the RMG industry has also been included in the instalment.
Currently, the government provides up to 20 per cent cash subsidy on 38 products against the export.
An official of the finance ministry said the instalment fund has been released in favour of the central bank.
The Office of the Controller General of Accounts is supposed to issue debit authority over the released fund.
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