Question

explain ECGC? Explain it's role in India ​

Answer 1

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(ECGC) functions under the ministry of commerce and industry, Department of Commerce, Government of India. It is a central government undertaking body to provide export credit guarantee/ insurance to the exporters in the case of the default of payments by the buyer.

Answer 2

Answer:

Explanation:

Role of ECGC in Credit Insurance. The Export Credit Guarantee Corporation of India Limited (ECGC in short) is a company wholly owned by the Government of India. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce.

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