<h1>Cabinet Approves Rs. 2000 Crore Infusion into ECGC to Boost MSME Export Insurance Over Three Years.</h1> The Cabinet Committee on Economic Affairs, led by the Prime Minister, approved a Rs. 2000 crore capital infusion into the Export Credit Guarantee Corporation (ECGC) over three years to enhance insurance coverage for MSME exports. The allocation is Rs. 50 crore for 2017-18, Rs. 1450 crore for 2018-19, and Rs. 500 crore for 2019-20. This funding aims to improve ECGC's underwriting capacity, enabling better support for Indian exporters in emerging markets like Africa, CIS, and Latin America. The initiative will help diversify ECGC's product offerings and strengthen the competitive position of Indian exporters globally, benefiting primarily MSMEs.