New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    In July 2022, ECGC introduced a new scheme to provide

    enhanced export credit risk insurance    cover to support small exporters . Up to what extent is the export credit risk insurance cover being provided by ECGC under this new scheme?
    A 70% Correct Answer Incorrect Answer
    B 90% Correct Answer Incorrect Answer
    C 75% Correct Answer Incorrect Answer
    D 80% Correct Answer Incorrect Answer
    E 100% Correct Answer Incorrect Answer

    Solution

    In July 2022 ECGC Ltd. introduced a scheme to provide enhanced export credit risk insurance  cover to the extent of 90% to support small exporters under the Export Credit Insurance for Banks Whole Turnover Packaging Credit and Post Shipment (ECIB- WTPC & PS). ECGC’s this new scheme would benefit many small-scale exporters availing export credit with banks, which hold the ECGC WT-ECIB covers, and also enable the small exporters to explore new markets/new buyers and diversify existing products portfolio.

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