Direct factoring facility will be offered to micro, small and medium enterprises (MSMEs) by the Export Credit Guarantee Corporation (ECGC).
According to a
Hindu Business Line report, CMD of ECGC, N Shankar has said that this
service will be launched in this year only.
country-risk rating has been introduced by the corporation for the
benefit of MSMEs and ECGC would be opening three new branches in
Chennai, Ahmedabad and Kollam adding to its 62 branches, according to
Credit Guarantee Corporation of India Limited (ECGC) is a company
owned by Government of India. It was incorporated on July 30, 1957.
provides insurance cover with respect to risks in export trade
including loss of money on account of foreign buyer becoming bankrupt
or sudden import or exchange restrictions resulting in stopping of