Budget announces implementation of Nirvik Scheme

News:The Finance minister has announced the NIRVIK (Niryat Rin Vikas Yojana) scheme in the Budget 2020. Facts: About NIRVIK Scheme: Aim:To provide a) enhanced insurance cover b) reduced premium for small exporters and c) Simplified procedure for claim settlements. Ministry:The scheme is being prepared by the Ministry of Commerce and Industry. Features of the scheme:… Continue reading Budget announces implementation of Nirvik Scheme

Nirvik Scheme

News:The Export Credit Guarantee Corporation of India(ECGC) has said that the Nirvik scheme announced by the Union Government would give a fillip to export lending and insurance cover for export credit. Facts: About the scheme: The scheme aims to ease the lending process and enhance loan availability for exporters. Under the scheme,the insurance cover guaranteed… Continue reading Nirvik Scheme

Nirvik Scheme

News:Ministry of Commerce & Industry through Export Credit Guarantee Corporation(ECGC) has introduced a new Export Credit Insurance Scheme (ECIS) called NIRVIK. Facts: About the scheme: The scheme aims to ease the lending process and enhance loan availability for exporters. Under the scheme,the insurance cover guaranteed will cover up to 90% of the principal and interest.The… Continue reading Nirvik Scheme