Central Govt Schemes (केंद्र की योजनाएं)Social welfare & Empowerment

NIRVIK Scheme (Niryat Rin Vikas Yojana)

India’s exports contracted for the fifth month in a row by 1.8% in December 2019. Owing to this, the exporters have raised concerns over credit availability. Considering this, the Finance Minister proposed the NIRVIK scheme, also known as Export Credit Insurance Scheme (ECIS), while presenting the Budget 2021-22.

Overview of NIRVIK Scheme

Name NIRVIK Scheme
Full name Niryat Rin Vikas Yojana
Launched by Government of India
Launch year 2021
Status Active
Sector Central sector scheme
Objective boost the export segment of the Indian economy
Official website https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1601493

Objective and Benefits of NIRVIK Scheme

•It offers a high insurance cover to exporters so that they can expand their business.

•The scheme also gives small exporters a chance to reduce their policy premium.

•It also provides a 60% credit guarantee to exporters in case of loss.

External links



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