- SFG FRC 2027 | Program starts from 19th Dec. 2026 | Admissions open for Entrance Test Click Here to know more →
- Prelims Test Series (PTS) for Prelims 2027 starts 11th Oct. 2026 Click Here to know more →
- [Pre-order] Ethics Redbook 3rd Edition: Delivery starts from 10th October onwards Click Here to Read More →
- 21 Sept. | GS Advance Program (GSAP) for UPSC 2027 Mains starts from 11th Oct. Click Here to Read More →
Source: The post is based on the article “ECGC introduces new scheme providing enhanced export credit risk insurance cover up to 90% for small exporters” published in PIB on 26th July 2022.
What is the News?
Export Credit Guarantee Corporation(ECGC) has introduced a new scheme to provide enhanced export credit risk insurance cover to the extent of 90% to support small exporters.
About the Scheme to provide enhanced export credit risk insurance cover
Launched by: ECGC under the Export Credit Insurance for Banks Whole Turnover Packaging Credit and Post Shipment(ECIB- WTPC & PS).
Objective: To provide small exporters with enhanced export credit risk insurance coverage of up to 90%.
Eligibility: The enhanced insurance cover will be available for manufacturers and exporters availing fund-based export credit working capital with a limit of up to Rs 20 crore (Packaging Credit and Post Shipment limit per exporter/exporter-group), excluding the gems, jewellery and diamond sector and merchant exporters.
What is the significance of the scheme?
The scheme is expected to benefit a number of small-scale exporters availing of export credit with banks which hold the ECGC WT-ECIB covers.
This will also enable the small exporters to explore new markets/new buyers and diversify their existing product portfolio competitively.
