Overview
- Implemented under the Export Promotion Mission, the package totals Rs 497 crore for consignments to key Gulf and West Asia destinations including the UAE, Saudi Arabia, Kuwait, Qatar, Oman, Bahrain, Iraq, Iran, Israel and Yemen.
- Component I grants a top‑up to 100% risk cover for exporters already insured by ECGC for shipments with bills dated February 14–March 15, with premiums kept at pre‑disruption levels and an estimated outlay of Rs 56 crore.
- Component II supports forward shipments from March 16 to June 15 with government‑backed ECGC cover of up to 95% and an estimated allocation of Rs 159 crore.
- Component III reimburses non‑ECGC‑insured MSME exporters for up to 50% of extra freight and insurance costs, capped at Rs 50 lakh per exporter, with Rs 282 crore earmarked.
- ECGC is the nodal agency with a real‑time dashboard for claims and fund tracking, an inter‑ministerial group is holding daily reviews, export obligations due March–May are extended to August 31, and a separate Rs 1,000 crore insurer support fund is being considered and remains under review.