Is Export Credit Guarantee Corporation of India a Public Sector Undertaking (PSU)? Also provide me details of the company?

No, Export Credit Guarantee Corporation of India is not Public Sector Undertaking (PSU).

The ECGC Limited is a company wholly owned by the Government of India based in Mumbai, Maharashtra.

It functions under the administrative control of the Ministry of Commerce & Industry, Department of Commerce, Government of India.

It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce.

Government of India had initially set up Export Risks Insurance Corporation (ERIC) in July 1957.

ECGC Ltd is the seventh largest credit insurer of the world in terms of coverage of national exports.

It provides a range of credit risk insurance covers to exporters against loss in export of goods and services as well.

Products and Services-

Export Credit Insurance for Exporter

ECIE Short Term – Turnover Based

Shipments Comprehensive Risks Policy – (SCR)

Small Exporters Policy – (SEP)

Specific Shipment Policy-(SSP)

Services Policy – (SRC)

Export Turnover Policy – (ETP)

Exports (Specific Buyers) Policy (BWP)

Consignment Exports Policy (Stockholding Agent) – (CSA)

ECIE Short Term – Exposure Based

Buyer Exposure Policy (SBEP)

IT-Enabled Services Policy-Single Customer (SITES)

Small And Medium Enterprise – (SME)

Software Project Policy (SPP)

ECIE – Medium & Long Term

Construction Works Policy-(CWP)

Specific Policy for Supply Contract

Specific Shipment Policy-(SSP)

Specific Services Policy-(SRC)

Letter of Credit confirmation Cover

Export Credit Insurance for Bank

ECIB – Short Term – Pre-Shipment(PC)

Individual Packing Credit -(INPC)

Whole Turnover Packing Credit – (WTPC)

Branch Wise Packing Credit – (BIPC)

ECIB – Short Term – Post-Shipment

Individual Post Shipment-(INPS)

ECIB-INPS (With Exclusion)

ECIB-INPS (Without Any Exclusion)

ECIB-INPS (Not Holding Standard Policy)

Whole Turnover Post Shipment – (WTPS)

Export Finance (EF)

ECIB – Short Term – Cover against Bank Guarantee

Export Credit Insurance for Banks- Surety Cover (ECIB-SC)

Advance Payment-cum-Performance

ECIB – Medium & Long Term

Individual Packing Credit -(INPC)

Individual Post Shipment-(INPS)

Export Performance (EP)

Export Finance[Overseas Lending](EF-OL)

ECIB-Cash Flow Deficit Financing

Special Schemes

Factoring
Buyer’s Credit Cover
Lines of Credit Cover
Overseas Investment Insurance
Customer Specific Covers
NEIA