The National Export Insurance Account (NEIA) Trust aims to ensure the availability of credit risk cover for projects and other high-value exports, which are desirable from the point of view of national interest, but which ECGC is unable to underwrite due to capacity constraints or at terms, which are different from its regular policies. NEIA provides additional support to the insurance cover provided by ECGC for project exports making Indian project exporters more competitive and gain a stronger foothold in various jurisdictions, highlighting India’s capabilities to execute large projects abroad.

Government has approved financial aid for the period from 2021-22 to 2025-26 to NEIA Trust.

Government has approved Grant-in-aid infusion of ₹ 1,650 crore into NEIA Trust during 2021-22 to 2025-26.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha today.

Credit risk cover expansion: government approved grant funding to bolster NEIA Trust support for high-value project exports. The Government approved a multi-year grant-in-aid infusion into the National Export Insurance Account Trust for 2021-22 to 2025-26 to expand availability of credit risk cover for high-value and project exports. NEIA supplements ECGC by underwriting or co-insuring risks that ECGC cannot cover due to capacity constraints or differing terms, with the aim of enhancing competitiveness of Indian project exporters abroad.