Govt approves continuation of NEIA scheme
- The Cabinet has also approved continuation of the National Export Insurance Account (NEIA) scheme and infusion of 1,650 crore Grant-in-Aid over five years.
- Capital infusion in NEIA Trust will help tap the huge potential of project exports in the focus market.
- NEIA will be able to support project exports worth up to 33,000 Crore rupees.
- It will help create 2.6 lakh new jobs, including around 12,000 in the formal sector.