1.

In 2019, the Export Credit Guarantee Corporation of India (ECGC) has introduced the Export Credit Insurance Scheme(ECIS) called ______.1. NIRVIK2. NIRUKT3. NIRANKUSH4. NIRVAY

Answer» Correct Answer - Option 1 : NIRVIK

The correct answer is NIRVIK.

  • NIRVIK stands for Niryat Rin Vikas Yojana.
  • This scheme was announced in the Budget 2020-21 by Finance Minister Nirmala Sitaraman.
  • NIRVIK scheme to provide enhanced insurance cover and reduce the premium for small exporters.
  • The Export Credit Insurance Scheme (ECIS) under which the insurance guaranteed could cover up to 90% of the principal and interest. At present, the Export Credit Guarantee Corporation provides a credit guarantee of up to 60% loss.



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