The Government of India announced a new scheme 'NIRVIK' in the Budget for 2020-21. Which of the following sectors of economy will take the benefit from this scheme?

Explanation

In the Union Budget 2020–21 presented on 1 February 2020, the ‘NIRVIK’ (NIRVIK—Niryat Rin Vikas Yojana) scheme was announced, which will benefit the export sector of the economy. The NIRVIK scheme provides for higher insurance cover, reduced premium rates for small exporters, and simplified procedures for claim settlement. It is a scheme prepared by the Ministry of Commerce and Industry, Government of India.