Page 205 - January 2022 Issue

VII. Discretion to exporters to extend due date for ECGC has been actively undertaking projects under
payment by buyers for shipments accepted Corporate Social Responsibility (CSR) pan- India.
earlier. ECGC has undertaken projects in the following
VIII. Discretion to exporters to decide about fields:
shipments (i.e. resale / reimport / or abandon)
that reached destination but not cleared a. Education: By providing scholarship to
by overseas buyers due to lockdown in the underprivileged children,
destination countries. b. Livelihood generation: By contributing towards
IX. Claim eligibility period (waiting period) under skill development of war widows,
insurance cover reduced from the present 4 c. Community development: By providing support
months to 1 month. to old age homes, centres
For Banks: d. Healthcare: By providing financial support
to various hospitals in purchase of medical
I. The time limit for filing of extension in due equipments and for treatment of cancer patients
date for the advances which have crossed belonging to underprivileged sections of society.
360 days under Packing Credit and 180 days e. Sanitation: By supporting waste bins and
under Post Shipment advances (360 days for vermicompost equipment in households /
status holders) and filing of Report of default commercial establishments for segregation of
under the Export Credit Insurance for Banks solid waste.
(ECIB) covers was extended up to May 2020. In addition, ECGC Ltd is also providing support
II. Time for filing of monthly declaration for the for education of girl children in Rajgarh district of
month of March 2020, had been extended up Madhya Pradesh which is an aspirational district
to May, 2020 (available for all the exporters notified by Government of India.
and banks). However, the extension of time
was not applicable for payment of premium, The current crisis of COVID-19 has impacted
as it can be made through digital mode viz, different sections of society and ECGC is always
RTGS/ NEFT etc. The premium can be paid committed to support the nation in these tough
on the basis of estimation also, when actual times. ECGC has donated an amount of Rs. 4 Crore
premium payable is not workable. to Prime Minister’s Citizen Assistance and Relief in
III. Time for filing claim/ replies due during this Emergency Situations (PM CARES) Fund. Also, the
period is extended up to 31/08/2020. employees of ECGC have contributed an amount
IV. ECGC has given discretion to Banks under of Rs. 19.13 lakhs towards the PM CARES Fund
ECIB PC & PS to extend the due dates as support to the country. ECGC has also ensured
advances that were granted up to 31/07/2020 continuous payment of monthly wages to casual
by maximum period of 15 months from the and contractual workers to overcome the hardships
date of shipment. faced during the lockdown period.

178 Building Self Reliant, Resurgent, Resilient India - PSEs Contribution Amidst COVID-19