India Mortgage Guarantee Corporation (IMGC) is the first mortgage guarantee company in India, established in 2012 and regulated by the Reserve Bank of India. The company began operations in March 2014 and is headquartered in India. IMGC's primary goal is to make home ownership more accessible by providing mortgage guarantees, which allow lenders to offer home loans with lower down payments. IMGC offers mortgage guarantees that help mitigate risks for lenders, banks, and housing finance companies. This service enables borrowers to secure home loans with down payments typically less than the standard 20%. Additionally, IMGC provides credit risk coverage to residential mortgage lenders in the event of defaults, enhancing security for financial institutions involved in housing finance. The company has partnered with various banks and housing finance companies, significantly impacting the Indian mortgage market by guaranteeing loans worth Rs. 16,466 crore as of June 30, 2023.