Hello sir I want to know about the Various schemes of ECGC so please provide me suitable information about the same.

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

ECGC Schemes

In order to provide export credit insurance support to Indian exporters, the Government of India set up the ‘Export Credit Guarantee Corporation of India Limited (ECGC).

Functions of ECGC

Provides a range of credit risk insurance covers to exporters against loss in export of goods and services,

Offers guarantees to banks and financial institutions to enable exporters obtain better facilities from them,

Provides overseas investment insurance to Indian companies investing in joint ventures abroad in the form of equity or loan

ECGC Provides

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

Makes it easy to obtain export finance from banks/financial institutions

Assists exporters in recovering bad debts

Information on credit-worthiness of overseas buyers

Special Schemes

Transfer Guarantee meant to protect banks which add confirmation to Letters of Credit opened by foreign banks, Insurance cover for Buyers Credit and Lines of Credit, and Exchange Fluctuation Risk Insurance.