Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi
has approved contribution of Grant-in-Aid (Corpus) of Rs.1,040 crore to
National Export Insurance Account Trust (NEIA).
Corpus is to be utilized 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.