EXPORT CREDIT GUARANTEE CORPORATION OF INDIA

1. Toiled By:- Piyush Kumar

2. OVERVIEW
 The ECGC Limited (Formerly Export Credit Guarantee Corporation of
India Ltd) is a company wholly owned by the Government of
India based in Mumbai, Maharashtra.
 It provides export credit insurance support to Indian exporters and is
controlled by the Ministry of Commerce.

3. OVERVIEW
 Government of India had initially set up Export Risks Insurance
Corporation (ERIC) in 30 July 1957.
 It was transformed into Export Credit and Guarantee Corporation
Limited (ECGC) in 1964 and to Export Credit Guarantee Corporation
of India in 1983.

4. HISTORY
 ECGC Ltd, was established in July, 1957 to strengthen the export promotion by covering
the risk of exporting on credit.
 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.

5. HISTORY
 Name of the company has been changed from EXPORT CREDIT GUARANTEE
CORPORATION OF INDIA LIMITED to ECGC Limited with effect from 8 August 2014 as
per certificate issued by Deputy Registrar of Companies, Mumbai.
 ECGC Ltd is the seventh largest credit insurer of the world in terms of coverage of
national exports.
 The present paid-up capital of the company is Rs. 1200 crores and authorized capital
Rs.5000 crores.

6. WHAT DOES ECGC DO?
 Provides a range of credit risk insurance covers to exporters against loss in
export of goods and services as well.
 Offers guarantees 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 and advances.

7. H OW D OES EC GC H ELP EXPOR TER S?
 Offers insurance protection to exporters against payment risks.
 Provides guidance in export-related activities.
 Makes available information on different countries with its own
credit ratings.

8. H OW D OES EC GC H ELP EXPOR TER S?
 Makes it easy to obtain export finance from banks/financial
institutions.
 Assists exporters in recovering bad debt.
 Provides information on credit-worthiness of overseas
buyers.

9. R ISK A SSOC IATED W ITH EXPOR TS
 Political & Economic Changes
 Outbreak of war or civil war
 Coup or insurrection
 BOP problems

10. R ISK A SSOC IATED W ITH EXPOR TS
 Risk of insolvency
 Protracted default of buyers
 Foreign buyer unable to pay

11. NOTABLE RECORDS
 Largest Policy – Short Term Rs. 450 Crores
 Largest Database on Buyers – 8 Lakhs
 Largest Credit Limit – Rs. 80 Crores

12. NOTABLE RECORDS
 Largest Claim Paid – Rs. 540 Crores
 Quickest Claim Paid – 2 Days
 Highest Compensation – Iraq Rs. 788 Crores