14/03/2025
The government has disbursed Tk2,000 crore in cash incentives for export-oriented industries to support workers' monthly wages and bonus payments ahead of Eid-ul-Fitr, according to sources.
Of this, Tk1,000 crore was released today (13 March), and the rest was disbursed on 5 March.
The Finance Division move follows an appeal from Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) President Mohammad Hatem earlier in this month to ensure timely payments to workers before Eid vacations.
The government has also directed banks not to adjust previous loan repayments with these funds, as this incentive is specifically to address the current wage payment situation for the industry workers.
This decision follows three separate meetings held at the Chief Adviser's Office and the Secretariat.
A senior official of the Labour Ministry, speaking on condition of anonymity, said, "The meetings decided to ask banks not to adjust loans with the cash incentives. This time, the first priority will be to pay employees' wages, and only then can loans be adjusted."
The cash incentives represent the third and fourth installments of the export incentive allocated for the current financial year, 2024-25, for export sectors.
Source : https://www.tbsnews.net/economy/govt-releases-tk2000-crore-cash-incentives-export-industries-1091986
The Dhaka Side