Export Credit Guarantee Corporation (ECGC) – UPSC Prelims

Export Credit Guarantee Corporation (ECGC):
  • ECGC Ltd. is wholly owned by the Government of India.
  • It was set up in 1957 with the objective of promoting exports from the country by providing credit risk insurance and related services for exports.
  • ECGC is essentially an export promotion organization, seeking to improve the competitiveness of the Indian exports by providing them with credit insurance covers.
  • ECGC provides:
    • A range of insurance covers to Indian exporters
    • Different types of credit insurance covers to banks and other financial institutions
    • Export Factoring facility for MSME sector
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