Recently, the government has extended the operational timelines of a key component of its RELIEF scheme to provide greater insurance protection to Indian exporters facing elevated freight, insurance and war-related risks.
About RELIEF Scheme :
The RELIEF (Resilience & Logistics Intervention for Export Facilitation) scheme was launched by the Ministry of Commerce & Industry.
It is a time-bound and targeted measure aimed at mitigating the impact of rising logistics costs, higher insurance premiums, and war-related risks affecting export consignments moving to or through the Gulf region.
It was launched under the Export Promotion Mission (EPM).
The scheme comprises three key components:
Enhanced insurance coverage: Exporters with existing ECGC insurance will receive up to 100% risk coverage for eligible consignments shipped between February 14 and March 15, 2026, without additional cost.
Support for upcoming shipments: Exporters planning shipments between March 16 and June 15, 2026, can avail up to 95% risk coverage with government support, helping sustain trade flows.
Relief for MSMEs: Small exporters without ECGC cover during the disruption period will be eligible for partial reimbursement of up to 50% of increased freight and insurance costs, subject to a ceiling of ₹50 lakh per exporter.
Geographical Coverage: The scheme will cover shipments destined for countries including United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait, Bahrain, Iraq, Iran, Israel and Yemen.
Implementing Agency: The Export Credit Guarantee Corporation of India has been designated as the nodal implementing agency responsible for verification, claim processing, disbursement, and monitoring.
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