Payment insurance
ECGC
ECGC export credit insurance for small exporters
Insures you against a foreign buyer not paying (commercial risk) or a country blocking payment (political risk).
Current status
Policies available as listed on ECGC’s product pages (checked Oct 2026). Confirm premium and terms on ecgc.in.
main.ecgc.in ↗What you get
Micro Exporter Policy covers 90% of the loss, including buyer, political and LC-opening-bank risk. Small Exporters Policy covers 95% for commercial risk and 100% for political risk.
Who can use it
Micro Exporter Policy: exporters with expected export turnover up to ₹1 crore a year. Small Exporters Policy: expected export turnover up to ₹5 crore a year. Larger exporters use the Shipments Comprehensive Risks policy.
How to claim it
- Apply online on ecgc.in or at the nearest ECGC branch.
- Get a credit limit approved on each buyer before you ship on credit.
- Pay the premium in advance and file the required declarations on time.
- If a buyer defaults, report it in time and file the claim with recovery steps.
Watch out for
- Claims are rejected if you miss declarations or ship to a buyer without an approved limit.
- Quality disputes caused by you are not covered.
- Premiums and terms change — check the current premium on ecgc.in.
Products it applies to
Free, with conditionsFarm produceBasmati riceIndia’s top agri export by value. Free to export, but every contract must be registered with APEDA first.HS1006.30Exports 2025-26US$ 5.67 bn ↓4.6%
Free, with conditionsFarm produceNon-basmati riceHigh-volume staple sold mainly to Africa and Bangladesh. Export reopened in 2024–25, but contracts must now be registered with APEDA.HS1006.30Exports 2025-26US$ 5.86 bn ↓10.2%
Free to exportFarm produceSpicesWhole, ground and blended spices. Spices Board registration (CRES) is compulsory; residue and ethylene oxide tests keep buyers.HS0904–0910Exports 2025-26US$ 3.12 bn ↓5.1%
Free to exportFarm produceChilliIndia’s largest spice export by volume. Dried red chilli goes to China, Thailand and Bangladesh; aflatoxin is the key test.HS0904.21Exports 2025-26US$ 1.1 bn ↓12.9%
More schemes
All schemes →- Tax refundRoDTEPRemission of Duties and Taxes on Exported ProductsRefunds hidden taxes (fuel, electricity duty, mandi tax, stamp duty and the like) that are not refunded any other way, as a percentage of FOB value.Read →
- Tax refundRoSCTLRebate of State and Central Taxes and LeviesThe RoDTEP-like rebate for apparel, garments and made-ups (HS Chapters 61, 62 and 63). These items get RoSCTL instead of RoDTEP.Read →
- Tax refundDrawbackDuty Drawback (All Industry Rates)Returns the customs duty paid on imported inputs used in your export product, at a fixed All Industry Rate per HS heading — paid straight into your bank account.Read →