Export Credit Guarantee Corporation (ECGC) Schemes What is ECGC SCheme? Behind every overseas order, there are uncertainties exporters rarely talk about — what if the buyer’s country suddenly changes regulations, or a shipment gets stuck at a foreign port for weeks? What if a buyer who looked reliable on paper disappears when it’s time to make the final payment? Sometimes even global events -a strike, a policy shift, a banking freeze -can derail the entire transaction. These hidden vulnerabilities make exporting exciting, yet filled with risks that can catch even experienced businesses off guard.To protect exporters from such risks, the Government of India set up the Export Credit Guarantee Corporation of India Ltd. (ECGC) in 1957.ECGC plays a crucial role in supporting Indian exporters by reducing the risks involved in international trade.It provides credit risk insurance to exporters, protecting them from losses that may arise if a foreign buyer fails to pay for goods or services.It also offers export credit insurance to banks and financial institutions, helping them confidently extend better credit and financing facilities to exporters.In addition, ECGC provides overseas investment insurance to Indian companies investing in joint ventures (JVs) abroad — whether through loans or equity — safeguarding their investments against political or commercial risks. Eligibility A. For ExportersTo be eligible for ECGC insurance cover or policies, an exporter must:✅ Be an Indian exporter — any business entity registered in India and engaged in the export of goods or services.✅ Hold a valid Importer Exporter Code (IEC) issued by the Directorate General of Foreign Trade (DGFT).✅ Have export orders or confirmed contracts from overseas buyers.✅ Agree to ship goods on credit terms (since ECGC covers credit risks).✅ Maintain proper export documentation, including invoices, shipping bills, and payment terms.✅ Not be blacklisted or under investigation by any regulatory authority…