Export Credit Guarantee Corporation of India 

#GS3 #Economy 

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. 
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