PIB Corner
NIRVIK Scheme: To Ease Lending Process
- The Ministry of Commerce & Industry through Export Credit Guarantee Corporation (ECGC) has introduced a new Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability and ease the lending process.
- Enhanced cover will ensure that Foreign and Rupee export credit interest rates will be below 4% and 8% respectively for exporters.
- Under ECIS, insurance cover percentage has also been enhanced to 90% from the present average of 60% for both Principal and ....
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