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  #1  
20th December 2015, 11:20 AM
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Meaning of ECGC

I want to get information about the Meaning of ECGC, so here can you provide me information about it as well as way of ECGC help exporters?
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  #2  
20th December 2015, 11:21 AM
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Join Date: May 2012
Re: Meaning of ECGC

If you want to get information about the Meaning of ECGC as well as way of ECGC help exporters, then here I am providing you information about it as you want.


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


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


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.

ECGC help exporters by;
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

Provides information on credit-worthiness of overseas buyers



Notable Records
Largest Policy – short term Rs.450 crores

Largest claim paid Rs.120 crores

Quickest claim paid 2 days

Largest database on buyers 8 lakhs

Largest credit limit Rs.80 Crores

Highest compensation-Iraq Rs 788 Crores


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