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In September 2021, the Cabinet approved the continuation of the National Export Insurance Account (NEIA) scheme by providing what amount as grant-in-aid?

1. Rs. 1,000 Crores
2. Rs. 1,250 Crores
3. Rs. 1,450 Crores
4. Rs. 1,650 Crores

Correct answer: Rs. 1,650 Crores

Solution

In September 2021, the Union Cabinet approved continuation of the NEIA scheme with grant-in-aid support of Rs. 1,650 crores. This scheme supports export projects and insurance coverage for Indian exporters.

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