Govt releases Tk 6.48b cash incentive for exporters

The government has released the last or fourth instalment of cash incentive amounting to Tk 6.48 billion for disbursement among major exporters for the fiscal year (FY) 2013-14.

The ministry of finance (MoF) advised the central bank Thursday to start disbursement of the money for the period of April to June 2014.

This is the last part of the Tk 25.92 billion the government had decided to disburse in cash incentive this fiscal.

The country's jute and jute goods sector will get Tk 945 million out of the total amount in the last or fourth instalment. And the rest of the exporters will get Tk 5.53 billion while the total cash incentive in these sectors are Tk 22.14 billion in the FY 2013-14.

Exporters of agro-based and agro-processed products, potato and cent per cent 'halal' meat will get 20 per cent cash incentive.  

On the other hand, exporters of products made from 'Hogla', 'khor' and 'akher chhobra' are getting 15 per cent to 20 per cent cash incentive and leather products and bone dust exporters are getting 15 per cent.

The cash incentive for home textile sector and ship export is 5.0 per cent each and for export of jute goods, shrimp and other fishes, light engineering and pet bottle flakes 10 per cent.

Jute yarn exporters are getting 7.50 per cent while exporters who explore new overseas markets (except US, Canada and EU) for textiles receive 2.0 per cent.