Question : NIRVIK Scheme

(a) whether the Government has proposed to set up the Investment Clearance Cell to develop a portal and provide end-to-end facilitation and support to investors and if so, the details thereof;

(b) whether the Government has proposed to launch a new scheme called Niryat Rin Vikas Yojana (NIRVIK) to achieve higher export credit disbursement with higher insurance coverage, reduced premium and simplified procedure for claim settlements;

(c) if so, the details thereof;

(d) whether the Government has planned to release National Logistics Policy to create a single window e-logistics market;

(e) if so, the details thereof; and

(f) details of other steps being taken by the Government in this regard?

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THE MINISTER OF COMMERCE & INDUSTRY
(SHRI PIYUSH GOYAL)

(a): Hon’ble Finance Minister during Union Budget 2020-21 announced setting up an investment clearance cell that will provide ‘end-to-end’ facilitation and support, including pre-investment advisory, information related to land banks and facilitate clearances at Centre and State level. In this regard, Department for Promotion of Industry and Internal Trade is taking up a detailed study of the best practices of Single Window Systems, including formatting of common application form, procedures for approvals and so on.

(b) & (c): To catalyze the flow of export credit to Indian Exporters by reversing the declining trend in export credit disbursements, Finance Minister announced a supplementary cover to the existing Export Credit Insurance. Details of the Scheme are being formulated.

(d) to (f): Department of Commerce is working on the draft National Logistics Policy which aims to provide for development of a Single Window e-logistics market place which will on-board all the stakeholders of the logistics sector on a common digital platform.


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