The full form of ECGC is Export Credit Guarantee Corporation of India Limited. ECGC company is based out of Mumbai, Maharashtra, and is owned by the Government of India. In general, ECGC provides export credit insurance to Indian exporters. This company is under the control of the Ministry of Commerce. To strengthen the export promotion, the Government of India took this first initiative. In the year 1957, the Export Risk Insurance Corporation(ERIC) came into existence in order to cover the risk for exporting on credit.
ECGC is known as ECGC is Export Credit Guarantee Corporation of India Limited. It mainly provides export credit insurance to the Indian exporters. This company is under the control of the Ministry of Commerce. To reinforce the export promotion, the Government of India took this first inventiveness in the era of 1957.
ECGC is under the control of the Ministry of Commerce and Industry, Department of Commerce, Government of India. Later in the year 1964, it got changed to Export Credit and Guarantee Corporation Limited. And later to Export Credit Guarantee Corporation of India in the year 1983. In terms of loss of goods and services of exports, ECGC provides a credit risk insurance cover for the exporters. This is done in facilitating the guarantees to the banks and financial sectors. And also, ECGC offers overseas Investment insurance to Indian companies. This is done when they are in joint ventures in form of equity or loan and advances.
ECGC, a Government of India enterprise organized to promote Export / Import in our country, provides a range of credit danger insurance covers to exporters toward loss in export of goods. South Indian Bank with higher than 400 branches across 14 States will promote the distribution of credit policies of ECGC.
if you have any doubt then you can ask or suggest us in the comment section …..
Export Credit Guarantee Corporation of India Limited was formed on 30 July 1957. The current chairman is M. Senthilnathan. The main aim is to provide credit risk insurance to cover exporters against loss in export of goods and services as well. The present paid-up capital of the company is INR 3,190 crores.
The Export Credit Guarantee Corporation of India (ECGC) carries out the recruitment process every year. The recruitment is for the post of Probationary Officer (PO). Interested candidates can apply online for the post on the official website of ECGC. The official website of ECGC is www.ecgc.in
| Term | Full Form |
| ECGC | Export Credit Guarantee Corporation of India Limited |
FAQ’s
ECGC company is based out of Mumbai, Maharashtra and is owned by the Government of India. In general, ECGC provides export credit insurance to the Indian exporters.
ECGC is short form of Export Credit Guarantee Corporation of India Limited.
Export Credit Guarantee Corporation of India Limited is full form of ECGC.
People May Also Check
| AFMC Full Form | AGE Full Form |
| AMUL Full Form | ANM Full Form |
| ASTM Full Form | ATM Full Form |
| B.Com Full Form | B.E. Full Form |
| BCG Full Form | BD Full Form |