Question

Discuss the role of export credit guarantee corporation of india in promoting exports

Answer 1

Answer:

Role of ECGC in Export Finance guarantees to banks as well as monetary establishments to alter exporters to get higher facilities from them. It Provides Overseas Investment Insurance to Indian corporation investment in joint ventures abroad within the sort of equity or loan and advances.

ECGC restricted provides credit risk covers to Exporters against non payment risks of the overseas patrons or buyer's country in respect of the exports created. Provides credit Insurance covers to banks against loaning risks of exporters and Assessment of patrons for the aim of underwriting.

Explanation: