Export Credit Guarantee Corporation of India (ECGC)
ECGC Limited is a government-owned export credit insurance agency under the Ministry of Commerce and Industry, headquartered in Mumbai. Established on July 30, 1957, it was set up to strengthen India's export promotion by covering the risk of exporting on credit — specifically the risk of non-payment by foreign buyers due to commercial or political risks.
ECGC provides two broad categories of cover: (a) export credit insurance to exporters against commercial risks (buyer insolvency, payment default) and political risks (war, nationalisation, currency inconvertibility in buyer's country); and (b) credit insurance to banks and financial institutions that extend export finance.
- Established: July 30, 1957
- Ownership: Government of India (Ministry of Commerce and Industry)
- Headquarters: Mumbai
- Coverage quantum: typically 80–90% of the loss; exporter bears 10–20%
- Main policies: Standard Policy (for short-term credit exports), Specific Shipment Policy (single transaction), Export Finance Insurance Policy (for banks)
- Political risk coverage: covers war, civil war, revolution, government action blocking payment, currency transfer restrictions
- In crises (COVID-19, Red Sea disruptions), ECGC has historically maintained premium rates and expanded cover to support exporters
● Tracked since March 10, 2026 · last seen March 19, 2026 · updates as the daily brief publishes