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Export Credit Guarantee Corporation of India
Government of India established Export Credit Guarantee Corporation (ECGC) of India Limited, in the year 1957 to support the export promotion drive by covering the risk of exporting on credit. In 1983 ECGC was renamed as Export Credit Guarantee of India. ECG operates under the administrative control of the Ministry of Commerce & Industry, Department of Commerce, Government of India. It is managed by a Board of Directors comprising representatives of the Government, Reserve Bank of India, banking, insurance and exporting community. ECGC is the fifth largest credit insurer of the world in terms of coverage of national exports.
Export Credit Guarantee of India offers a wide range of credit risk insurance covers at to exporters at very reasonable costs. It Offers guarantees to banks and financial institutions on behalf of exporters to enable them to obtain better facilities credit facilities form banks . ECGC also provides Overseas Investment Insurance to Indian the companies investing in joint ventures abroad in the form of equity or loan. From time to time , ECGC of India organizes export promotion activities to guide exporters , provides information on credit worthiness of overseas buyers, insurance protection against payment risks and assist exporters in recovering bad debts. Given below is the compete list of products offered by Export Credit Guarantee of India to exporters in India
Credit Insurance Policies : Export credit insurance policies are 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.
• SCR or Standard Policy
• Small Exporters Policy
• Specific Shipment Policy- Short Terms (SSP-ST)
• Export (Specific Buyers) Policy
• Export Turnover Policy
• Buyer Exposure Policies
• Consignment Exports Policy
• Service Policy
• Software Project Policy
• IT- Enabled Services (Specific Customer) Policy
• Construction Works Policy
• Specific Policy for Supply Contract
• Insurance Cover for Buyer’s Credit And Line of Credit
Guarantees To Banks : On behaf of Exporters ECGC provides guarantee to their bankers ( under RBI Guidelines ) which make sure that the liability of a debtors is met even they fails to settle it.
• Export Credit Insurance Packing Credit (ECIB- PC)
• Export Credit Insurance-Export Production Finance (ECIB- EPF)
• Export Credit Insurance-Individual Post -Shipment (ECIB- INPS)
• Export Credit Insurance-Export Finance (ECIB-EF)
• Export Credit Insurance-Export Performance (ECIB-EP)
• Export Finance (Overseas Landing) Guarantee
Special Schemes
• Payment Transfer Guarantee
• Overseas Investment Guarantee
• Exchange Fluctuations Risk Cover
Contact Address
Export Credit Guarantee Corporation (ECGC) of India Limited
Express Towers, 10th Floor,
Nariman Point, P. O. B. No. 11677,
Mumbai – 400 021
Phone – 022-66590500-510
Website: www.ecgc.in
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