The Export Credit Guarantee Corporation of India Ltd (ECGC Limited) is a government-owned export credit provider. It is owned by the Ministry of Commerce and Industry of the Government of India, which is headquartered in Mumbai, Maharashtra. It helps Indian exporters with export credit insurance. The Chairman and Managing Director, who is a central government civil servant in the ITS cadre, is the company’s highest-ranking official.

In July 1957, the Indian government established the Export Risks Insurance Corporation (ERIC). In 1964, it was renamed Export Credit and Guarantee Corporation Limited (ECGC), and in 1983, it was renamed Export Credit Guarantee Corporation of India.

ECGC Ltd. was founded in July 1957 to help promote exports by assuming the risk of exporting on credit.
The Ministry of Commerce and Industry, Department of Commerce, Government of India, is in charge of its administration.
It is overseen by an Asset Management Company that includes members from the Indian government, the Reserve Bank of India, banking, insurance, and the exporting community.

According to a document issued by the Deputy Registrar of Companies, Registrar of Companies, Mumbai, the company’s name was changed from Export Credit Guarantee Corporation of India Limited to ECGC Limited with effect from August 8, 2014.

In terms of national export coverage, ECGC Ltd. is the world’s seventh largest credit insurance.
The company’s current paid-up capital is 3,190 crores, with a permitted capital of 5,000 crores.

Functions

• Provides exporters with a variety of credit risk insurance policies to protect them against losses in the export of products and services.
• Provides bank and financial institution assurances in order for exporters to receive better terms from them.
• Provides Overseas Investment Insurance to Indian enterprises that invest in joint ventures outside of India in the form of equity, loan, and loans.

ECGC’s facilities

• Exporters might get insurance to shield them from payment concerns.
• Provides assistance with export-related matters.
• Provides information about several countries, each with its own credit rating.
• Streamlines the process of obtaining export financing from banks and financial institutions.
• Assists exporters with bad debt recovery.
• Provides information about international buyers’ creditworthiness.