Exporters Get Enhanced Insurance Cover

On Tuesday, export Credit Guarantee Corp. of India (ECGC) introduced a new scheme to provide increased export credit risk insurance amid heightened uncertainties in global trade.

The scheme provides increased export credit risk insurance covering up to 90% to support small exporters under the Export Credit Insurance for Banks Whole Turnover Packaging Credit and Post Shipment (ECIB- WTPC & PS).

“By giving 90% cover to banks, we anticipate that all the more little organizations should send out credit from banks, helping these enterprises significantly. We expect banks to provide more concessions. The net effect will benefit exporters, involving a reduction in interest rate,” ECGC chairman M. Senthilnathan said at a press conference.



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