(a) whether the Government proposes to set up National Insurance Fund to bring the risks of exporters under the insurance cover;
(b) if so, the details thereof; and
(c) the time by when the said fund is likely to be set up?
(a) whether the Government proposes to set up National Insurance Fund to bring the risks of exporters under the insurance cover;
(b) if so, the details thereof; and
(c) the time by when the said fund is likely to be set up?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)
(a) to (c) : Yes, Sir. There is a proposal to set up a National Export Insurance Account (NEIA) for
meeting the requirements of Indian exporters when the export credit insurance supported by Export
Credit Guarantee Corporation of India Ltd (ECGC) is not available due to nonÂavailability of appropriate
reinsurance to ECGC. The proposed NEIA is expected to enhance the competitiveness of Indian exporters.