Bangladesh Clothing Exporters Are Expected To Receive Cash Support.
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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