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TMI BlogCapital Infusion in ECGCX X X X Extracts X X X X X X X X Extracts X X X X ..... Capital Infusion in ECGC X X X X Extracts X X X X X X X X Extracts X X X X ..... he details are as under: FY 2017-18 ₹ 50 Crores; Released. FY 2018-19 ₹ 500 Crores; Released. FY 2019-20 The proposal to release the rest amount of ₹ 1450 Crores has been submi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tted and same shall be decided by the Ministry of Finance as per the availability of the fund. The capital infusion is necessary to strengthen ECGC underwriting capabilities to support MSME exports a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd exports to challenging & emerging markets like Africa, CIS and Latin American countries. During FY 2017-18, ECGC supported exports & export loans of ₹ 6.41 lakh crore. Around 20,000 distinct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exporters are benefitted out of ECGC covers. Out of this, MSME share was more than 85%. The enhanced capital will enable ECGC to diversify its portfolio like factoring facilities to MSME exporters a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd a more liberal underwriting approach to challenging & emerging markets like Africa, CIS and Latin American countries. Enhanced capital will also enable continuation of cost effective credit insuran ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce to exporters.
This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in written replies in the Lok Sabha today. X X X X Extracts X X X X X X X X Extracts X X X X
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