BankCentral (ECGC) Verified 2025-11-09

NIRVIK Scheme (Export Credit Insurance)

Provides high insurance cover (up to 90%) for pre and post-shipment export credit, aimed at reducing capital costs for exporters and facilitating higher credit limits.

Maximum benefit value

₹0

Eligibility

  • Exporters with confirmed export orders
  • Credit sanctioned by an authorized bank/lender
  • Preferential treatment for Micro/Small exporters

How to apply

Banks apply to the Export Credit Guarantee Corporation (ECGC) for cover on behalf of the exporter.

Required documents

  • Export contracts/Orders
  • Bank Credit Proposal
  • IEC

Official sources

Verification notes

Reduces risk weightage for banks, resulting in better interest rates for MSMEs.