Export Credit Guarantee Corporation of India Limited

Export Credit Guarantee Corporation of India Ltd. (ECGC), an Indian Government Enterprise offers export credit insurance facilities. Ministry of Commerce & Industry has the direct administrative control on ECGC. This Government owned, non-life insurance company is managed by representatives of the Government, banking, exporting, & insurance industry, and Reserve Bank of India. The need of export promotion was felt immediately after independence. Taking into consideration the need of export risk cover, Export Risk Insurance Corporation (ERIC) was founded on 30th July 1957, completely state-owned. The name of the Export Risk Insurance Corporation was later changed to Export Credit & Guarantee Corporation Ltd in 1964.

ECGC offers several export credit risk insurance products to Indian exporters and banks. The Export Credit Guarantee Corporation is the world’s seventh largest credit insurer (on the basis of national exports). The company has authorized capital of Rs. 5000 crores and paid up capital of Rs. 1200 crores.