ECGC Backs Record ₹8.55 Lakh Crore Exports in FY 2024–25
Export Credit Guarantee Corporation of India (ECGC) has reported its highest-ever export support and premium income at its 67th Annual General Meeting. The government-owned entity continues to be a crucial safety net for exporters facing global tariff disruptions.
Key Insights
- Record export support: ₹8.55 lakh crore in FY 2024–25, up 17% YoY.
- Premium growth: Gross premium collections reached an all-time high of ₹1,366.5 crore (+1.54%).
- Claims paid: ₹453.5 crore settled, slightly higher than FY 2023–24 (₹450.3 crore).
- Profit & dividend: PAT stood at ₹2,076.7 crore; dividend of ₹433.8 crore declared.
- Enhanced measures:
- 90% insurance cover for banks on small exporters’ loans.
- Simplified claims settlement up to ₹10 crore.
- Collateral-free export credit cover for micro and small exporters.
- Market diversification support across Latin America, Africa, and Asia.
Takeaway
With record export backing and expanded insurance cover, ECGC has become a cornerstone of India’s trade resilience, helping exporters face tariffs, risks, and volatile global markets.
