**Summary:**
The Export Credit Guarantee Corporation of India (ECGC) held its 67th Annual General Meeting on September 9, 2025, reporting record export support of ₹8.55 lakh crore in FY2024-25, a 17% increase. Exporter cover accounted for 20% of this growth. The corporation achieved its highest gross premium ever at ₹1366.53 crore, a 1.54% increase. Claims paid amounted to ₹453.46 crore, slightly higher than the previous year's ₹450.31 crore. The Profit Before Tax (PBT) for FY2024-25 was ₹2723.07 crore, and the Profit After Tax (PAT) was ₹2076.67 crore. A dividend of ₹433.80 crore was declared.
To further support Indian exporters, ECGC has implemented several measures, including enhanced 90% cover for banks' export credit loans to small exporters, digitalization of processes via a revamped ERP client portal, a common facilitation center for export credit and insurance assistance, simplified claims settlement for claims up to ₹10 crore, and enhanced insurance cover for collateral-free export credit to Micro and Small Exporters. Twenty banks are currently utilizing ECGC's whole turnover Export Credit Insurance for Banks (ECIB) cover.
In response to tariff disruptions, ECGC is reviewing markets in Latin America, Africa, Southeast Asia, and East Asia to promote market diversification. It is also extending cover to exporters' losses due to non-delivery, resale, discounts, reshipment, and voyage diversions, and enhancing cover for banks up to an Export Credit Limit of ₹50 crore with no additional premium.
Key Entities Referenced
Ministry of Commerce Industry: The Indian government ministry responsible for international trade and industry.
ECGC: Export Credit Guarantee Corporation of India, an export credit insurance entity of the Government of India.
FY 202425: The financial year 2024-2025.
Indian Exporters: Companies and individuals in India involved in exporting goods and services.
Commerce Secretary: A high-ranking official in the Ministry of Commerce responsible for trade and commerce matters.
Latin America: A region in the Americas, south of the United States.
Africa: A continent comprising many countries.
Micro and Small Exporters: Small scale exporters availing collateral free Export credit.
Ministry of Commerce & Industry
ECGC Holds 67th AGM; Achieves Record Export
Support of 8.55 Lakh Crore and Highest Gross
Premium in FY 2024-25
ECGC Introduces Enhanced Support Measures to
Help Indian Exporters Overcome Tariff Disruptions
with Market Diversification and Expanded Insurance
Cover
Posted On: 09 SEP 2025 7:45PM by PIB Delhi
th
ECGC, the export credit insurance entity of the Government of India, conducted its 67 Annual General
Meeting on September 09, 2025 for the FY2024-25 which was attended by all its shareholders including the
Commerce Secretary. The key business highlights for the FY 2024-25 are, value of exports supported stood at
8.55 lakh crore which is an all-time high achievement thereby recording a growth of 17%, out of which the
cover to exporters accounted for 20% growth, achievement of highest gross premium ever to the extent of
Rs.1366.53 crore with a growth of 1.54%, payment of claims for Rs. 453.46 crore which is more than
previous year’s amount of Rs. 450.31 crore.
During the FY 2024-25 the Company registered Profit Before Tax (PBT) of ₹2723.07 crore as against
₹2858.95 crore in the previous FY and PAT of Rs. 2076.67 Crore. The Company has declared a dividend of ₹
433.80 crore for the FY 2024-25 at its Annual General Meeting.
In order to support Indian exporters, the Company has recently taken a slew of measures such as enhanced
cover of 90% for Banks for their export credit loans to the small exporters in a cost-effective manner,
digitalization of all its processes through the revamped ERP & client portal systems, setting up of common
facilitation Centre at its central office to assist exporters and banks on Export credit and Insurance-related
issues, simplified procedure for settlement of small value claims up to Rs 10 Crore and enhanced Insurance
cover for collateral-free Export credit to Micro and Small Exporters. There are 20 such banks who are availing
whole turnover ECIB cover of ECGC.
In order to support Indian Exporters to tide over the tariff disruptions, the Company envisages several
measures including a review of countries in Latin America, Africa, South-East and East-Asia to facilitate
market diversification, extending cover to the exporters’ loss arising due to non-delivery of goods exported, on
account of resale, discount, reshipment, diversion of voyage etc., enhanced cover for banks up to Export
Credit Limit of Rs 50 Crores with no additional premium.
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Abhishek Dayal/ Abhijith Narayanan
(Release ID: 2165063)