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Govt releases Tk 16.83 billion cash incentives for exporters

FE REPORT | February 23, 2021 00:00:00

The government has released Tk 16.83 billion (1,683 crore) for the payment of cash incentives to local exporters against their export receipts.

It is the 3rd instalement of cash incentives for the January-March period of the current fiscal year.

Export-oriented sectors, including readymade garment (RMG), frozen shrimp and others such as fish, leather items, jute and jute products, would receive the incentives, according to a circular issued by the Finance Division on Monday.

Of the amount, Tk 2.50 billion (250 crore) would be distributed for the jute sector while Tk 14.33 billion (1,433 crore) for other sectors, it said.

Besides, 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 facilities for exporters in more than 35 categories.

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