Indian exporters shipping goods to West Asia will continue to receive enhanced credit-risk insurance cover of up to 95% until March 31, 2027, as the government extends support under the EPM RELIEF intervention.
New Delhi, Sep 30 — Export consignments to West Asia will continue to receive enhanced insurance protection against payment defaults until March 31, 2027, according to a notification issued by the Directorate General of Foreign Trade.
The enhanced cover had earlier been available for shipments to West Asia sent until September 30. The government has now extended the eligibility timeline under Component II of the Export Promotion Mission’s RELIEF intervention.
The measure is aimed at supporting Indian exporters and helping mitigate logistics and payment risks arising from the continuing crisis in West Asia.
Component II of the RELIEF framework provides export credit insurance support for upcoming shipments to the Gulf, West Asia and North Africa.
Under the scheme, exporters taking insurance cover from the Export Credit Guarantee Corporation can receive credit-risk protection of up to 95%. Normally, ECGC provides cover for around 85-90% of the credit risk.
The cost of providing the additional insurance protection is being borne by the government.
The enhanced cover was initially announced in March as part of measures to support exporters affected by disruption in the region. It also applies to goods being transshipped through West Asia.
The extension gives exporters additional protection against payment defaults while trade routes and logistics networks across the region continue to face uncertainty.
