ECGC Policy Definition

I am doing research work on Export Credit Guarantee Corporation of India (ECGC) and want some details related to this. Will you please tell me short introduction of ECGC and also provide me sufficient details about the policy definition of this ECGC corporation?

[Kiran Chandar]

Export Credit Guarantee Corporation of India (ECGC) was established on 30 July 1957 to provide insurance cover in respect of risks in export trade.

The Export Credit Guarantee Corporation of India Limited is a company wholly owned by the Government of India based in Mumbai, Maharashtra.

It was transformed into Export Credit and Guarantee Corporation Limited (ECGC) in 1964 and to Export Credit Guarantee Corporation of India in 1983.

It is managed by a Board of Directors comprising representatives of the Government, Reserve Bank of India, banking, insurance and exporting community.

Working of ECGC:


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

Offers Export Credit Insurance for Bankers and financial institutions to enable exporters to obtain better facilities from them.

Provides Overseas Investment Insurance to Indian companies investing in joint ventures abroad in the form of equity or loan.

Other details of ECGC:

Largest Policy – short term Rs.450 crores
Largest database on buyers 8 lakhs
Largest credit limit Rs.80 Crores
Largest claim paid Rs.120 crores
Quickest claim paid 2 days
Highest compensation-Iraq Rs 788 Crores