Key Points
Minister for Commerce and Industry Piyush Goyal said the expansion meant exporters' accounts would become AA accounts, lowering interest rates for loans.ANIUnion.
Export promotion organisation Export Credit Guarantee Corporation of India (ECGC) on Friday announced the expansion of 90 per cent insurance cover for exporters with a credit limit of Rs 50 crore, a cover limited to those with a limit of Rs 20 crore earlier...
This interest rate will be applicable to the exporters with exports up to Rs 50 crore as well.. Further, he also guaranteed that in the next four to five months, all activities at ECGC will be digitised to quicken the procedure..
The resolution of disputes will be done via video conferencing, he said.. M Senthilnathan, Chairman & MD, ECGC India Limited, disclosed various plans in the pipeline including two extra covers for exporters as part of their strategy to expand their market...
ECGC is confident of achieving this target, he said.. Wholly owned Government of India enterprise, ECGC is mandated with improving the competitiveness of the Indian exports by providing them with credit insurance covers...
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