Nirvik (Niryat Rin Vikas Yojana) scheme announced in 2020-21 Union Budget is related to which component of the export credit?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Insurance.
The NIRVIK scheme, rolled out under the 2020‑21 Budget, focuses primarily on providing interest rate equalisation on export credit. Specifically, it offers reduced interest rates for MSME exporters by benchmarking them against global rates and reimbursing banks for the difference