Home c_affairs NIRVIK scheme-ECGC has introduced ‘NIRVIK’ scheme to enhance loan availability for exporters and ease the lending process..

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NIRVIK scheme- Export Credit Guarantee Corporation of India (ECGC) has introduced ‘NIRVIK’ scheme to ease lending process and enhance loan availability for exporters of the country. 
Details of the scheme were shared by Union Minister of Commerce and Industry and Railways, Piyush Goyal. The scheme was announced by the Finance Minister Nirmala Sitharaman on September 14 as a part of measures to boost exports. 
NIRVIK Scheme Details- 
Under the new ‘NIRVIK’ scheme, which is also called the  Export Credit Insurance Scheme (ECIS), the insurance cover guaranteed will cover up to the 90 percent of the principal and the interest. The insurance cover will also include both pre and post-shipment credit. 
The Export Credit Guarantee Corporation of India (ECGC) currently provides credit guarantee of up to 60 percent loss.
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