facilities for experters and importers

Packing Credit is a pre-shipment advance extended by banks to exporters to enable them to purchase, process, manufacture, or pack goods before shipment against a confirmed export order or Letter of Credit.

Simplified credit delivery scheme for creditworthy exporters by banks.

Packing Credit is generally sanctioned for a period not exceeding 270 days, though the RBI expects it to be liquidated within 180 days from the date of advance.

270 days from the date of advance.

Post-Shipment Credit is finance extended by banks to exporters after shipment of goods, against export documents such as shipping bills, bills of lading, and commercial invoices, to bridge the gap until the importer makes payment.

Government subsidizes interest rate on export credit to boost exports.

ECGC stands for Export Credit Guarantee Corporation of India; it provides credit risk insurance covers to exporters and banks, protecting them against losses due to commercial and political risks in export transactions.

Provides insurance cover against risk of non-payment by overseas buyers.