Government has released a total of Tk 12.50 billion in cash incentives as the third installment for the current financial year, divided into Tk 10 billion for remittance beneficiaries and Tk 2.5 billion for local exporters.
Remittance incentives offer a 2.5% bonus on funds sent through legal channels, while export incentives are subject to specific conditions set by the Finance Division. These funds will be provided to banks strictly for this purpose, and any deviation may lead to legal action. The Bangladesh Bank will disburse the incentive funds based on bank requests.
This initiative targets key export sectors, including ready-made garments, frozen shrimp and other fish, leather items, and jute and jute products. Additionally, a special 1.0% cash incentive support fund has been introduced for the apparel industry. However, the government has also reduced export cash incentive rates for all 43 export categories by up to 50% for FY25.
These measures are part of the government’s broader strategy to stimulate economic growth by bolstering remittance inflows and supporting export-oriented industries through targeted financial incentives.
Comment here