Export Credit Guarantee Corporation of India Limited (ECGC)



ECGC Ltd. (Formerly Export Credit Guarantee Corporation of India Ltd.), wholly owned by Government of India, was set up in 30th July 1957 in Mumbai as a Private Ltd. with the objective of promoting exports from the country by providing Credit Risk Insurance and related services for exports. It functions under the administrative control of Ministry of Commerce & Industry, and is managed by a Board of Directors comprising representatives of the Government, Reserve Bank of India, banking, and insurance and exporting community. Over the years it has designed different export credit risk insurance products to suit the requirements of Indian exporters and commercial banks extending export credit.

Shri Ratilal M Gandhi was the First Chairman and Shri T C Kapur was the First Managing Director of the Corporation. Shri Morarji Desai, Union Commerce Minister inaugurated ERIC and the first Policy was issued on 14th October 1957. After introduction of insurance covers to banks during the period 1962-64, ERIC's name was changed to Export Credit & Guarantee Corporation Ltd in 1964. The above name was changed to Export Credit Guarantee Corporation of India Ltd. in the year 1983. Subsequently in August 2014, it was renamed as ECGC Ltd.

ECGC is the seventh largest credit insurer in the world in terms of coverage of national exports and the fifth largest credit insurance company, which deals with exports of any country. The present authorised capital of the company is Rs. 5000 crore and the paid up capital of the company is Rs. 1200 crore. The company provides export credit insurance support to Indian exporters, and is controlled by the Ministry of Commerce, Government of India.

Export Credit Guarantee Corporation of India provides credit insurance covers to exporters against loss in export of goods and services. It also provides export credit guarantees to banks & FI's to enable exporters obtain better facilities from them. In addition, it provides Overseas Investment Insurance to Exporters - Indian Entrepreneurs in Overseas Ventures (Equity/Loans).

Product Portfolio
Export Credit Insurance for Exporter

  • 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