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Started in November 2005, [1] the National Electronic Fund Transfer (NEFT) system is a nationwide system that facilitates individuals, firms and corporates to electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country. It is done via electronic messages.
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara.It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
An export credit agency (known in trade finance as an ECA) or investment insurance agency [1] is a private or quasi-governmental institution that acts as an intermediary between national governments and exporters to issue export insurance solutions and guarantees for financing.
Export credit insurance is designed to protect exporters from the consequences of the payment risks, both political and commercial, and to enable them to expand their overseas business without fear of loss. Cooperation agreement with MIGA (Multilateral Investment Guarantee Agency) an arm of World Bank. MIGA provides:
EEPC India (Formerly, Engineering Export Promotion Council), largest export promotion council in India. Apparel Export Promotion Council (AEPC) Carpet Export Promotion Council (CEPC) Cotton Textile Export Promotion Council (TEXPROCIL) Export Promotion Council for Handicrafts (EPCH) Handloom Export Promotion Council (HEPC)
The following is a list of Export Promotion Organisations [1] in India, it includes Export Promotion Councils, Commodity Boards and Export development authorities. These are Non-Profit Organizations that are responsible for developing and promoting the export industry of India.
The Director-General advises the central Government in the formulation of Foreign Trade Policy and is responsible for carrying out that Policy. At present, the Director-General formulates Foreign Trade Policy and Hand Book of Procedures of Foreign Trade Policy and ITC (HS) Classifications of Import and Export Items.
Sponsor banks are allowed to originate transactions the system required, they have a mutual agreement with NPCI and also are members of any payment system approved by the Reserve Bank of India. Destination banks are allowed to do transaction, process mandates and update the Aadhaar mapper through the use of the system.