Export Credit Guarantee Corporation of India Limited, was established in the year 1957 by the Government of India to strengthen the export promotion drive by covering the risk of exporting on credit. Being essentially an export promotion organization, it functions under the administrative control of the Ministry of Commerce & Industry, Department of Commerce, Government of India.
It provides a range of credit risk insurance covers to exporters against loss in export of goods and services.
It offers guarantees to banks and financial institutions to enable exporters to obtain better facilities from them.
It provides Overseas Investment Insurance to Indian companies investing in joint ventures abroad in the form of equity or loan.