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Recently Government of India launched Nirvik Scheme to promote which of the following?
  • a)
    Education Sector Services
  • b)
    Health Sector Services
  • c)
    Financial Services
  • d)
    Export Sector
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Recently Government of India launched Nirvik Scheme to promote which o...
The Export Credit Guarantee Corporation of India(ECGC) has said that the Nirvik scheme announced by the Union Government would give a fillip to export lending and insurance cover for export credit. The scheme aims to ease the lending process and enhance loan availability for exporters. Under the scheme, the insurance cover guaranteed will cover up to 90% of the principal and interest. The insurance cover will include both pre and post-shipment credit. The enhanced cover will ensure that Foreign and Rupee export credit interest rates will be below 4% and 8% respectively for exporters. The gems, jewellery and diamond (GJD) sector borrowers with a limit of over Rs 80 crore will have a higher premium rate in comparison to the non-GJD sector borrowers of this category due to the higher loss ratio.
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Recently Government of India launched Nirvik Scheme to promote which of the following?a)Education Sector Servicesb)Health Sector Servicesc)Financial Servicesd)Export SectorCorrect answer is option 'D'. Can you explain this answer?
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