Question

what is ecgc? is it helpful to the agricultural exporters?

Answer 1

Answer:

PLEASE SEE THE ATTACHMENT

Answer 2

It is the Export Credit Guarantee Corporation.

• It is an Export Promotion Institution. It is beneficial to the exporters as -

1. It safeguards them in the case of default payment risks posed by international consumers or buyer's nation in relation to the commodities they have produced.
2. It provides an improved access to borrowing from banks and other financial entities.
3. Financial institutions effectively lend and provide considerable credit to exporters because of the insurance coverage.