2026 Current Affairs practice question for Railways, SSC, UPSC. Select an option to check your answer, read the explanation and continue practicing.
Under the Export Promotion Mission, 'Niryat Prothsahan' provides interest subvention on which type of finance?
Correct Answerसही उत्तर
A. Pre- and post-shipment export creditA. Pre- और post-shipment export credit
Explanationव्याख्या
The correct answer is pre- and post-shipment export credit.
According to the source, Niryat Prothsahan is an interest-subvention initiative operating under the Export Promotion Mission.
It provides interest subvention on pre-shipment as well as post-shipment export credit.
These two forms of credit are directly connected to financing export activity before goods are shipped and after shipment while payment-related processes are completed.
The source emphasises that the subvention is applicable strictly only to export credit covered under the scheme.
Therefore it should not be interpreted as a general interest subsidy available for every type of business borrowing by an exporter.
Eligible lending institutions are required to extend the subvention in accordance with the scheme and Reserve Bank of India regulations.
Exporters must submit their claims according to prescribed procedures for reimbursement.
This administrative requirement is important because the scheme is designed to operate within the existing regulatory framework rather than outside normal banking rules.
The source explicitly states that implementation must comply with RBI's extant regulatory instructions.
The broader objective is to improve India's export competitiveness and provide financial support to exporters.
Lowering the effective interest burden on eligible export credit can improve access to working capital and reduce financing costs associated with export transactions.
For examination revision, remember: Niryat Prothsahan → Export Promotion Mission → interest subvention → pre-shipment export credit + post-shipment export credit → eligible lending institutions → RBI regulations → exporter claims according to prescribed procedure → reimbursement → export competitiveness + financial support.
Students should also distinguish this initiative from Market Access Support.
MAS focuses on global reach, visibility, markets and exporter diversification, while Niryat Prothsahan focuses specifically on the financing side through interest subvention on eligible export credit.
Therefore option A is correct.
सही उत्तर pre- और post-shipment export credit है। Source के अनुसार Niryat Prothsahan, Export Promotion Mission के अंतर्गत interest-subvention initiative है। यह pre-shipment और post-shipment export credit दोनों पर interest subvention प्रदान करता है। ये दोनों types of credit export transaction की financing से directly जुड़े होते हैं—एक goods shipment से पहले की financing और दूसरा shipment के बाद payment-related process के दौरान finance support से संबंधित होता है। Source emphasise करता है कि subvention strictly केवल scheme के under covered export credit पर applicable है। इसलिए इसे exporter के हर business loan पर मिलने वाली general interest subsidy नहीं समझना चाहिए। Eligible lending institutions को scheme तथा Reserve Bank of India regulations के अनुसार subvention extend करना होता है। Exporters को reimbursement के लिए prescribed procedures के अनुसार claims submit करने होते हैं। यह administrative condition important है क्योंकि scheme existing regulatory framework के भीतर operate करती है। Source explicitly RBI की extant regulatory instructions के compliance की बात करता है। Broader objective India की export competitiveness enhance करना और exporters को financial support देना है। Eligible export credit पर effective interest burden कम होने से export-related working capital financing अधिक affordable हो सकती है। Revision chain: Niryat Prothsahan → Export Promotion Mission → interest subvention → pre-shipment + post-shipment export credit → eligible lending institutions → RBI regulations → prescribed claims → reimbursement → export competitiveness। इसे Market Access Support से अलग रखें। MAS markets, visibility और exporter diversification पर focus करती है, जबकि Niryat Prothsahan export-credit financing पर interest subvention देता है। इसलिए option A सही answer है।
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