In its 60th year of operation, ECGC has reduced the premium rate by an average 17% for its whole turnover policy covers.
The average rate of premium under short term exporters’ business has come down from 28.19 paise per Rs.100 during Financial Year (FY) 2015-16 to 25.46 paise per Rs.100 during FY 2016-17, thus reducing the transaction cost for making exports competitive.
During the FY 2016-17, it has initiated a number of customer friendly export promotion initiatives to boost India’s exports.
