Bangladesh Garment And Garment Exporters Receive New Financial Solutions
The People's Republic of Bangladesh
The Ministry of Finance revealed that
Exporter
From the Export Development Fund (EDF), we can get a loan of US $10 million.
Similarly, the government decided to continue to implement 5% cash incentives for SMEs before June 30, 2011.
The above information is
Treasury Department
The notice detailedly describes the measures adopted by the second stimulus measures.
The Bank of Bangladesh will use separate notifications to notify other banks.
SMEs will receive the largest loan of $10 million based on 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 incentives, but they are all qualified.
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