Get the most updated and recent current affair content on

Cabinet approves listing of Export Credit Guarantee Corporation Ltd.

  • Integrity Education, Delhi
  • 30, Sep 2021
Image Not Found

  • The Cabinet Committee on Economic Affairs chaired by the Hon'ble Prime Minister, Shri Narendra Modi has given approval for listing of M/s. Export Credit Guarantee CorporationLtd. (ECGC) through the Initial Public Offer (IPO) on the Stock Exchange
  • ECGC Limited is a wholly-owned CPSE of Government of India set up with the objective of improving the competitiveness of the exports by providing Credit Risk Insurance and related services for exports. 
  • The proposed listing of ECGC Limited would unlock the true value of the company, promote 'people's ownership' by encouraging public participation in the equity holding of the company and also promote Corporate Governance through transparency and greater accountability.
  • It will enable it to provide insurance policies worth Rupees 88,000 crore
  • 97% of ECGC beneficiaries are Micro, Small and Medium Enterprises.