<h1>India Launches Buyer's Credit Scheme Under NEIA to Boost Project Exports and Enhance Global Competitiveness.</h1> The Union Commerce and Industry Minister launched a new financial product, Buyer's Credit under the NEIA, to boost project exports from India. This initiative, developed by the Export-Import Bank of India and the Export Credit Guarantee Corporation of India Ltd., aims to enhance the competitiveness of Indian companies in international project bids. It allows sovereign governments and government-owned entities abroad to finance project imports from India on deferred payment terms. The scheme targets developing countries, offering medium to long-term credits, typically between 5 to 8 years, to facilitate market diversification and increase Indian project exports.