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<h1>Financial Services Directs Banks to Support COVID-19 Affected Industries; Insurance Authority to Review Shipment Coverage.</h1> The Department of Financial Services has issued instructions to address disruptions caused by the Coronavirus. Public Sector Banks are advised to establish special cells to assist affected industry segments and MSMEs, streamline documentation processes, and support import substitution and production ramp-up. The Insurance Regulatory and Development Authority of India is requested to review insurance products to ensure risk coverage for shipment delays. All relevant authorities are asked to inform exporters and importers of these measures. This notice is approved by the Competent Authority and communicated by the Directorate General of Foreign Trade.