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Bangladesh Clothing Exporters Are Expected To Receive Cash Support.

2010/9/20 10:17:00 65

Bangladesh Clothing Exporters

  

The People's Republic of Bangladesh

The Ministry of Finance revealed that at present, exporters can obtain loans ranging from US $10 million from the Export Development Fund (EDF).


Similarly, the government decided to continue to implement 5% cash incentives for SMEs before June 30, 2011.


The above information is disclosed by the Ministry of finance through a notice detailedly describing the measures adopted by the second stimulus measures.

The Bank of Bangladesh will use separate notifications to notify other banks.


  

Small and medium-sized enterprises

The largest loan of $10 million will be obtained from the export development fund.

The interest rates on these loans will be raised to $1 million 500 thousand based on the interbank lending rate plus 1% in London. The London banker's disbursement rate plus two.5% can get a loan of 10 million dollars.


The notice said that the subsidiary companies of the holding company will not qualify for these benefits.


The company will receive 5% of the total export volume of all textile products in fiscal year 2009-10 according to the new market development assistance, which will receive 4% in fiscal year 2010-11 and 2% in the 2011-12 fiscal year.


At present, exporters of garments and garments are eligible for 5%.

Cash incentive

But they have to meet all the requirements.

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