Export Credit Guarantee Corporation of India
Export Credit Guarantee Corporation of India (ECGC) plans to clear all pending claims of apparel exporters in four months.
About Export Credit Guarantee Corporation of India
- ECGC Ltd is wholly owned by the Ministry of Commerce and Industry.
- The Government of India had initially set up Export Risks Insurance Corporation in 1957.
- After the introduction of insurance covers to banks during the period 1962-64, the name was changed to Export Credit & Guarantee Corporation Ltd in 1964. It was changed to ECGC Ltd in August 2014.
- Its objective was to promote exports from the country by providing credit risk insurance and related services for exports.