Govt releases 3rd tranche of export subsidy

FE Today Logo January 28, 2020

The government has released the third instalment of export subsidy amounting to Tk 18.31 billion for the fiscal year (FY) 2019-20.

The cash incentive will be disbursed among the exporters during the January- March period of 2020, according to a circular issued by the Ministry of Finance on Monday.

Of the total amount, jute and jute products sub-sector will get Tk 1.25 billion and other sectors will receive Tk 17.06 billion.

In the current fiscal, the government has decided to release a total of Tk 73.25 billion as cash incentive for 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.

arafat_ara@hotmail.com

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