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This increase of cash incentives against remittance is a gift from prime minister Sheikh Hasina to the expatriate Bangladeshi workers marking the New Year, it said.

The release also said the government first decided to provide 2 per cent cash incentives against sending remittance in the FY20 which resulted in a healthy inward remittance amount of $18.20 billion which was 13 per cent higher than the previous fiscal year (FY19).

In continuation of this, the inward remittance amount was $24.80 billion in the last fiscal year (FY21) which was also 36 per cent higher than the previous fiscal year (FY20).

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