New scheme NIRVIK to be launched to achieve higher export credit disbursement which provides for ........

Indian Economy (Easy) Financial System

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New scheme NIRVIK to be launched to achieve higher export credit disbursement, which provides for:-

Higher insurance coverage

Reduction in premium for small exporters

Simplified procedure for claim settlements.

All of the above

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Explanation:

New scheme NIRVIK to be launched to achieve higher export credit disbursement, which provides for:

o Higher insurance coverage

o Reduction in premium for small exporters

o Simplified procedure for claim settlements.

Finance Minister Nirmala Sitharaman on Saturday announced NIRVIK (Niryat Rin Vikas Yojana) scheme to provide enhanced insurance cover and reduce premium for small exporters. ... At present, the Export Credit Guarantee Corporation provides credit guarantee of up to 60% loss.