Question

NIRVIK Scheme, to enhance loan availability and ease the lending process, was launched by ______________.

A SIDBI Correct Answer Incorrect Answer
B RBI Correct Answer Incorrect Answer
C EXIM Correct Answer Incorrect Answer
D ECGC Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Export Credit Guarantee Corporation of India (ECGC) has introduced the Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability and ease the lending process. It is an insurance cover guarantee that will cover up to 90% of the principal and interest. The cover will include both pre and post-shipment credit.

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