Department of Business Management, Chauras Campus, H.N.B., Garhwal University, Uttarakhand.
Although India is now a self-sufficient country but for the overall development, growth and survival in today's global scenario the process of import and export is necessary for the country. To support the exporter, government of India established Exim Bank, which offers a diverse range of information, advisory and support services, which enable exporters to evaluate international risks, exploit export opportunities and improve competitiveness. Generally the exporters of the country faces lots of problems like not getting their payments on time by their buyers due to the amount blocked or delay in payment. Export credit insurance provided by ECGC and Exim Bank helps in preventing the risks of non payment or delay payments by the importers. With insurance cover, exporters can do business confidently and in the process can increase or expand the business significantly with outfear of loss. This paper examines the role of ECGC in export insurance. The actual system of export insurance prevailed in the country. Moreover we also discuss the role of Exim Bank and various commercial banks in promoting Indian exports.
