Govt releases Tk 18.31bn for export incentives

Staff Correspondent

29 October, 2020 12:00 AM printer

The government has released a sum of over Tk 18.31 billion in favour of Bangladesh Bank for the payment of cash incentives to the exporters, finance ministry sources said.

It is the second instalment of cash incentives/subsidy for the October-December quarter of the current financial year.

Of the amount, Tk 1.25 billion will go to the jute sector while Tk 17.06 billion to other sectors, according to the finance division.

A special 1.0 per cent cash incentive support fund for the readymade garment (RMG) sector has also been included in the second instalment, according to a  letter of the ministry of finance (MoF) to the central bank.

The government is yet to announce the rates of cash incentive or subsidy for the FY ‘21.

In the current fiscal year, the government has kept all facilities unchanged that is provided in the last financial year for the country’s exporters.

The Office of the Controller General of Accounts (CGA) will issue debit authority over the released fund.