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Question : In 2019, the Export Credit Guarantee Corporation of India (ECGC) introduced the Export Credit Insurance Scheme(ECIS) called ______.

Option 1: NIRANKUSH

Option 2: NIRUKT

Option 3: NIRVAY

Option 4: NIRVIK


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Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

Correct Answer: NIRVIK


Solution : The correct answer is NIRVIK.

NIRVIK stands for Niryat Rin Vikas Yojana. The scheme was announced by the Export Credit Insurance Scheme (ECIS) to enhance loan availability and ease the lending process. The scheme was introduced to provide enhanced insurance coverage and reduce the premium for small exporters. The ECIS under which the insurance is guaranteed could cover up to 90% of the principal and interest.

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