Export insurance to UAE/Saudi

The government approved the RELIEF (Resilience & Logistics Intervention for Export Facilitation) time‑limited package on March 19, 2026 with an outlay of Rs 497 crore under the Export Promotion Mission. (content.dgft.gov.in) State‑owned Export Credit Guarantee Corporation of India (ECGC) has been designated the nodal implementing agency for the three‑part intervention. (main.ecgc.in) For consignments already insured and shipped between 14 February and 15 March 2026, the scheme raises ECGC protection to full coverage for eligible losses without additional premium burden on exporters. (main.ecgc.in) The RELIEF annexure covers prospective shipments slated between 16 March and 15 June 2026 and preserves pre‑disruption premium rates for those ECGC policies, per the DGFT notification. (content.dgft.gov.in) A dedicated component reimburses non‑ECGC‑insured MSME exporters for up to 50% of extraordinary freight and insurance surcharges, subject to documentary verification and an overall ceiling of Rs 50 lakh per exporter. (main.ecgc.in) The RELIEF package is split in three estimated allocations — roughly Rs 56 crore, Rs 159 crore and Rs 282 crore for the respective components — and applies to consignments destined for or transhipping through UAE, Saudi Arabia, Kuwait, Qatar, Oman, Bahrain, Iraq, Iran, Israel and Yemen. ( ) An Inter‑Ministerial Group to monitor supply‑chain resilience was operationalised in early March 2026 and began daily reviews; DGFT says disbursements will be made on actuals subject to budget availability and prescribed operational safeguards. ( )