Cabinet approves a Corpus to National Export Insurance Account Trust

No: --- Dated: Jun, 27 2018

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.

Courtesy – Press Information Bureau, Government of India