Sadharan Bima Corporation introduced. Export credit guarantee
scheme with effect from 01.01.78 through its Export Credit Guarantee
Wing as per order of the Government of the People’s Republic
of Bangladesh in order to promote national exports. The primary
objective of Export credit department is to boost up and strengthen
the export promotion drive in Bangladesh by offering guarantees
to banks and financial institutions to enable exporters to obtain
easily better loan facilities from them both at the pre-shipment
& post-shipment stage.
Direct risk covered under Export Credit Guarantee Scheme:
By providing a credit risk insurance covers to exporters against
losses resulting from both commercial and non-commercial (political)
risks in respect of goods sold to foreign buyers on credit. Broadly
speaking, the objective of Export credit guarantee is to encourage
exporters to export more, attract newcomers to export business,
promote new export products, to open up new market.
At present the following finance guarantee and policy are issued
by ECGW :-