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

Banks may extend foreign currency loans for exporters

Commerce and Industry Minister has said that the ministry is in talks with banks to see ways to extend foreign currency loans to exporters. The minister has also said Export Credit Guarantee Corporation of India (ECGC) can play a role of credit enhancement agency for exporters. He has asked ECGC to come up with a… Continue reading Banks may extend foreign currency loans for exporters