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Bangladesh exporters to get $136m in incentves this year

Bangladesh has released cash incentives amounting to Tk 11 billion to be disbursed among major exporters for the fiscal year (FY) 2016-17.

The ministry of finance in the first week of this month advised the Chief Accounts Officer of the Finance Division to release the fund in favour of the central bank to start disbursement of the fourth installment from April to June, 2017.

Local exporters have been advised to seek the fund by applying to the Bangladesh Bank (BB) through respective banks against their exports during the period.

At present, some 20 export sectors including agro-based products and the agro-processing industry among others, are receiving cash incentives.

Under the cash incentives programme, agro-products and processed agro-products and the seeds of vegetables, crops and other products are getting the highest 20 per cent cash subsidy.

1 Tk = 0.012 USD
source: thefinancialexpress-bd.com
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