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Export Credit Guarantee Corporation of India Limited (ECGC)

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Export Credit Guarantee Corporation of India Limited (ECGC)

Export Credit Guarantee Corporation of India Limited, was established in the year 1957 by the Government of India to strengthen the export promotion drive by covering the risk of exporting on credit.

Being essentially an export promotion organization, it functions 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. The present paid-up capital of the company is Rs.800 crores and authorized capital Rs.1000 crores.

Activities of ECGC
  1. Offers insurance protection to exporters against payment risks.
  2. Provides guidance in export-related activities.
  3. Makes available information on different countries with its own credit ratings.
  4. Makes it easy to obtain export finance from banks/financial institutions.
  5. Assists exporters in recovering bad debts.
  6. Provides information on credit-worthiness of overseas buyers.