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https://commerce.gov.in/international-trade/trade-promotion-programmes-and-schemes/trade-promotion-programme-focus-cis/ecgc-cover/
Normal cover of 90% on DP/DA terms subject to satisfactory report on the buyer. None of the CIS Countries are placed in Restricted Cover (Category II-where specific approval is given on case-to-case basis). The current ECGC Classification for the 12 CIS countries is as under. Open Cover Category. Restricted Cover Category.
https://www.pib.gov.in/PressReleaseIframePage.aspx?PRID=1585226
Sep 16, 2019 · Piyush Goyalsaid that the gems, jewellery and diamond(GJD) sector borrowers with limit of more than Rs. 80 crore will have a higher premium rate as compared to non-GJD sector borrowers of this category due to the higher loss ratio. ... The ECGC cover provides additional comfort to banks as the credit rating of the borrower is enhanced to AA ...
https://www.zeebiz.com/india/news-gems-jewellery-and-diamond-traders-alert-big-boost-for-export-sector-coming-soon-from-modi-government-116060
Dec 20, 2019 · Piyush Goyal said that the gems, jewellery and diamond (GJD) sector borrowers with limit of more than Rs. 80 crore will have a higher premium rate as compared to non-GJD sector borrowers of this category due to the higher loss ratio. ... The ECGC cover provides additional comfort to banks as the credit rating of the borrower is enhanced to AA ...Estimated Reading Time: 3 mins
https://www.business-standard.com/article/economy-policy/jewellery-exporters-may-be-covered-under-credit-insurance-benefit-119073101443_1.html
Jul 31, 2019 · Experts, however, suggest that the upward limit of the ECGC claim of Rs 100 crore to cover MSME sector should be scrapped. Pramod Agrawal, chairman of the Gems and Jewellery Export Promotion Council (GJEPC), however, believes there is a need to increase the limit of dollar financing that has been squeezed due to depreciation of the rupee over ...Author: Dilip Kumar Jha
https://www.thehindubusinessline.com/economy/ecgc-turns-cautious-on-credit-cover-for-exports-to-europe/article20385267.ece1
Dec 27, 2011 · Engineering exports to Europe in 2010-11 were $10.5 billion (of the total engineering exports of $60 billion), while gems and jewellery shipments were …
https://www.telegraphindia.com/business/insurance-cover-for-gems-and-jewellery-sector/cid/1749882
Feb 29, 2020 · Gross bank credit deployed to the gems and jewellery sector was Rs 394 billion in 2011, which peaked to Rs 738 billion in 2017 and has been on a decline thereafter. “One thing that has been detrimental to the exposure to the sector from the lending point of view was the absence of an insurance cover.Estimated Reading Time: 2 mins
https://www.business-standard.com/article/finance/ecgc-to-hike-export-insurance-premium-as-claim-payments-shoot-up-118072000280_1.html
Export Credit Guarantee Corporation Ltd’s (ECGC) payout for claims rose by 45 per cent at Rs 12.83 billion during the FY 2017-18, as against Rs 8.85 billion in 2016-17. The claims from banks for defaults in gems & jewellery, cotton covering fibre, yarn and fabrics, Textile and Garments sector had the highest ...
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=718
ECGC cover is the most preferred alternative to collateral security followed by confirmed orders / LCs, financial position of the company; past track record, personal guarantees by directors / partners. Nearly two-third of the exporters feels that facility to interchange between pre- …
https://timesofindia.indiatimes.com/city/surat/GJEPC-requests-govt-to-increase-its-contribution-to-ECGC/articleshow/37466020.cms
Jun 29, 2014 · GJEPC requests govt to increase its contribution to ECGC; ... gems and jewellery banking summit-2014 in Mumbai on Saturday, said that while "sanctions" have been given for …
https://en.wikipedia.org/wiki/ECGC
ECGC Ltd. is the seventh largest credit insurer of the world in terms of coverage of national exports. The present paid-up capital of the company is Rs. 2500 crores and authorized capital Rs. 5000 crores. Functions. Provides a range of credit risk insurance covers to exporters against loss in export of goods and services as well.
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