What is Export Credit Guarantee Corporation (ECGC)?
ECGC is a Government of India enterprise headquartered in Mumbai (Andheri East). It is a government-owned export credit agency under the Ministry of Commerce & Industry, established in 1957. It is designed to protect exporters from the consequences of payment risks—both political and commercial—enabling them to expand their overseas business without the fear of loss. The Export Credit Guarantee Corporation of India (ECGC) provides such export credit insurance support to Indian exporters.
What does ECGC do?
- Provides a range of credit risk insurance covers to exporters against loss in export of goods and services.
- Offers Export Credit Insurance covers to banks and financial institutions to enable exporters to obtain better facilities from them.
- Provides Overseas Investment Insurance to Indian companies investing in joint ventures abroad in the form of equity or loan.
Why ECGC Matters for Exporters?
- Risk mitigation: Enables exporters to receive timely payment despite international uncertainties.
- Access to finance: Bank-insured exporters enjoy easier and often cheaper credit.
- Market expansion: Firms feel secure exploring new or high-risk markets.
- Credibility boost: International buyers and financiers view insured exporters as more reliable
For Exporters: How to Use ECGC
Apply through their website (ecgc.in) or via bank partners.
Choose between exporter cover or bank cover (ECIB).
Submit transaction details: buyer profile, credit terms, insurance period.
On default, file a claim with required documentation.
