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

FT ONLINE

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 a cash incentives 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.