Govt releases Tk 25.38b cash incentive for Oct-Dec period

The government has released the second installment of cash incentive amounting to Tk 25.38 billion for disbursement among the major exporters for the fiscal year (FY) 2019-20.

To this effect, the Ministry of Finance issued a circular on Wednesday.

The money will be distributed among the exporters for the October-December period in 2019.

Of the total amount, the jute and jute products sub-sector will get Tk 1.25 billion. Other sectors will receive the remaining amount.

In the current fiscal, the government has decided to release a total of Tk 73.25 billion as cash incentive to the exporters.

At present, more than 30 export-oriented sectors are enjoying the cash incentive including apparel manufacturing industries, frozen foods and fish, leather products, jute and jute goods, agro-based products, agro-processing industry etc.

The country's merchandise export earnings stood at US$ 40.53 billion in the immediate past fiscal year (2018-19). In 2017-18, Bangladesh exported goods worth $36.66 billion.

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