SDG 8: Decent Work and Economic Growth | SDG 9: Industry, Innovation & Infrastructure
Institution: Ministry of Commerce & Industry
ECGC (Export Credit Guarantee Corporation of India) delivered a higher export support in FY 2024-25, backing exports worth ₹8.55 lakh crore, a 17% increase compared to the previous year and expanding coverage for exporters by 20%, alongside achieving its highest-ever gross premium of ₹1,366.53 crore. While Profit Before Tax stood at ₹2,723.07 crore (slightly below the previous year’s ₹2,858.95 crore) and Profit After Tax reached ₹2,076.67 crore, a dividend of ₹433.80 crore was declared. The Annual General Meeting highlighted targeted support measures for small and micro exporters: 90% cover on export credit loans to banks, rapid digitalization through revamped ERP and client portals, simplified claim settlement up to ₹10 crore, and enhanced collateral-free insurance. Additionally, ECGC unveiled strategies to help exporters navigate tariff disruptions, including diversifying markets across Latin America, Africa, Southeast and East Asia and introduced extended cover for losses from resale, reshipment, delayed delivery, and enhanced credit limits up to ₹50 crore with no extra premium.
Relevant question for policy stakeholders:
How can ECGC’s support framework be further strengthened to sustainably boost exporter resilience and competitiveness in emerging and high-risk international markets?
Follow the full news here:
https://www.pib.gov.in/PressReleasePage.aspx?PRID=2165063