Current Affairs - Miscellaneous - Discussion

Discussion :: Miscellaneous - Latest Current Affairs (Q.No.148)

148. 

Ministry of Commerce & Industry introduced a new Export Credit Insurance Scheme to ease the lending process. It's named as;

[A]. NEIDS
[B]. MEIS
[C]. NIRVIK
[D]. IIUS

Answer: Option C

Explanation:

Ministry of Commerce & Industry through Export Credit Guarantee Corporation has introduced a new Export Credit Insurance Scheme called NIRVIK. The Niryat Rin Vikash Yojana has been launched to enhance loan availability to exporters and to ease the lending process. Under the new scheme NIRVIK, up to 90 per cent of the principal amount and interest will be covered through insurance.

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