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Export Credit Guarantee Corporation of India Ltd
Export Credit Guarantee Corporation of India Ltd was build to support the promotion of the exports of an organization. It covers the risk of export on credit. ECGC was established in 1957.
Export Credit Guarantee Corporation is an export promotion company that works under the command of the Department of Commerce, Ministry of Commerce & Industry and Government of India. This organization is under the management of Board of Directors. The board consists of representatives of the Reserve Bank of India, Government, insurance, banking and exporting community.
In terms of coverage of national exports, Export Credit Guarantee Corporation is the fifth leading credit insurer across the globe. ECGC offers covers of credit risk insurance to the exporters. It also provides assurance to the financial institutions for the benefit of the exporters. For investing in the joint ventures abroad it offers Overseas Investment Insurance to the companies of India. The investment is done in the form of loan or equity.
Export Credit Guarantee Corporation of India Ltd helps the exporters in various ways. Some of them include:
- Offering insurance protection to exporters against payment risks
- Making it easy to obtain export finance from banks/financial institutions
- Providing information on credit-worthiness of overseas buyers
- Assisting exporters in recovering bad debts
- Offering assistance in export-related actions
- Making information available on different countries with its own credit ratings
Export credit insurance is necessary to avoid the risk factors of the exporters. It protects the exporters from the risks of payment and facilitates them to inflate their abroad trade with no fear of loss.
Export Credit Guarantee Corporation of India Ltd offers various services and products to the people. There are several credit insurance policies, guarantees to banks and special schemes as well. Standard policies, small exporters’ policy, buyer exposure policy, software project policy, IT- enabled services, construction work policy and service policy are some of the credit insurance policies offered.
Contact Details of Export Credit Guarantee Corporation of India Ltd
#26, Raheja Tower, West Wing
2nd Floor
M.G. Road
Bangalore G.P.O.
Bangalore-560001
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