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Q4 incentives released for exporters

FE Online Report | May 13, 2020 00:00:00

The government has released the fourth installment of cash incentives amounted to Tk 4.0 billion for disbursement among the exporters for the outgoing fiscal year.

The money will be distributed among the exporters for April-June 2020, according to a notice issued by the ministry of finance on Monday.

Of the amount, the jute and jute products subsector will get Tk 1.01 billion while other sectors will receive the remaining Tk 2.99 billion.

The Tk 2.99 billion support included the special 1.0 per cent incentives for the readymade garment sector, said the notice.

At present, cash incentives are provided against shipments of products under 37 categories, including one per cent additional special incentive for apparel products.

Other categories include export-focused apparel manufacturing, frozen food and fish, leather goods, and agro-processing products.

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