Insurance to exporters to facilitate medium to long term exports
Operated by
Ministry of Commerce & Industry - Public Sector Undertaking, Central Government
Purpose
To provide insurance to exporters to facilitate medium to long term exports.
Probable duration
-
Eligibility
- Medium and long-term export projects which are viable and for which reinsurance is not available are eligible for this scheme
- Medium and long- term project exports involving civil constructions, turnkey projects, supply of equipment's and Services would come under these contracts
- Exports to countries which are not likely to be covered on purely commercial considerations or are beyond country-exposure limits, acceptable credit terms/period prescribed by ECGC or countries currently facing economic/political difficulties, but where Indian presence is required to be maintained as a part of the long-term strategy of the India
Benefit Description
Scheme to provide insurance cover to facilitate medium to long term exports which the ECGC is unable to underwrite
Application process
-
Other Details
Conditions if Any
- Broadly, the country caps are in the range of 10 to 20% of maximum liability permissible. However, for SAARC countries, the caps are in the range of 30-40%. The cap for supply contracts projects ranges between 5 to 10% of Maximum Liability Permissible and for other than supply contracts it is 10 to 15%.
- The Exporter ?wise exposure cap is 15% of the Maximum Liability Permissible and the buyer cap is between 5 to 20% of the Maximum Liability Permissible.
More Information