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How much amount of capital infusion has been approved by the government in the ECGC Ltd for a period of five years from FY22-FY26?
Rs. 3,100 crore
Rs. 3,800 crore
Rs. 4,400 crore
Rs. 5,000 crore

Correct Answer :   Rs. 4,400 crore

The Union Cabinet, headed by Prime Minister Narendra Modi on Wednesday approved infusion of Rs 4,400 crore into state-owned credit insurance provider ECGC Ltd over a period of five years, starting FY22. It also approved listing of the company on the domestic bourses, which is likely to happen in the next fiscal.
Out of the total amount, Rs 500 crore will be infused in the current fiscal. Another Rs 500 crore will be infused in FY23, commerce and industry minister Piyush Goyal said in a media briefing after the Cabinet meeting. The remaining amount is concerned, it will be infused as and when required.

Published On : September 30, 2021