Tk 13b cash incentive fund released


FE Report | Published: April 29, 2021 10:42:21 | Updated: May 01, 2021 10:43:29


- Picture used for illustrative purpose

The government on Wednesday released Tk 13 billion to pay cash incentives on the export earnings.

It is the 4thinstallment of cash incentives for payment during the April-June period of the current fiscal year (FY2020-21).

The export-oriented sectors including readymade garment (RMG), frozen shrimp and other fish, leather items, jute and jute products enjoy the incentives, according to a circular of the finance division.

Of the amount, Tk 3.0 billion will be distributed for the jute sector while Tk 10 billionfor other sectors, it said.

A special 1.0 per cent cash incentive for the RMG industry is also included in the installment.

The government provides cash incentive to exporters for more than 35 categories of products.

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