Cabinet approves a Corpus to National Export Insurance Account Trust
The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved contribution of Grant-in-Aid (Corpus) of Rs.1,040 crore to National Export Insurance Account Trust (NEIA).
The Corpus is to be utilised during three years from 2017-18 to 2019-20. An amount of Rs.440 crore has already been received for the year 2017-18. Rs.300 crore each will be given to NEIA for the years 2018-19 and 2019-20.
The Corpus would strengthen NEIA to support project exports from the country that are of strategic and national importance.
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First Published: Jun 27 2018 | 6:48 PM IST