National Export Insurance Account(NEIA) Trust:
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NEIA Trust was set up in 2006 by the Ministry of Commerce and Industry.
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Aim: 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 Export Credit Guarantee Corporation of India (ECGC) is unable to underwrite due to capacity constraints.
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Types of export transactions eligible for inclusion under NEIA:
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Only such medium and long-term export projects which are viable and for which reinsurance is not available.
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Exports to countries that are not likely to be covered on purely commercial considerations or are beyond country-exposure limits of ECGC or countries currently facing economic/political difficulties, but where Indian presence is required.
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Transactions involving investments by Indian companies in overseas markets can be covered for the protection of their investments against expropriation risks and limited recourse covers (insolvency risks).
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