Export Guarantee Scheme

The Export Guarantee Scheme is a government initiative that provides insurance to exporters against risks like non-payment or political disruptions in the importing country. It helps businesses feel more secure when selling goods internationally, encouraging them to expand their exports. The scheme offers protection on various risks, ensuring exporters receive payments or recover losses if unforeseen issues prevent the transaction from completing as planned. Essentially, it reduces the financial uncertainties of exporting, supporting economic growth and promoting global trade efforts.