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Export Credit Insurance Scheme for SMEs and Cooperative Sectors in manufacturing sector

Introduction

The Trade & Export Office of the Economic Development Board-Mauritius is the implementing agency for the Export Credit Insurance Scheme. This Scheme is valid for all insurable exports for SMEs and Cooperatives in the manufacturing sector.

Objective of the scheme

To provide a subsidy on the cost of credit insurance premium to eligible enterprises (Beneficiary client) subscribing for Credit Insurance Cover for their direct exports in order to encourage them to take a credit insurance cover and hence boost up trade.

Target

Duly registered manufacturing SMEs and Cooperative Societies based in the Republic of Mauritius. Trading activities, trans-shipment and re-exports are excluded.Eligibility Criteria

Beneficiary client

(i)  Refund applies only to premium paid in connection with direct exports including Freeport Manufacturing;
(ii) Trading Activities, trans-shipment and re-exports are excluded;
(iii) Only direct exports worldwide

Ceiling on Refund

A subsidy of 50% of the premium, subject to a ceiling equivalent to a maximum of 0.4% of the insurable turnover will be paid directly to the insurers.

Validity

The Scheme shall be valid for one year till December 2018.

 Note: As at date The Trade & Export Office of EDB-Mauritius has signed an MoU with the Credit Guarantee Insurance Co. Ltd.