Government Approves RELIEF Scheme to Support Exporters
ECONOMY & POLICY

Government Approves RELIEF Scheme to Support Exporters

The Government has approved RELIEF, Resilience and Logistics Intervention for Export Facilitation, as a time?bound measure under the Export Promotion Mission (EPM) to support exporters affected by disruptions in the West Asia maritime corridor. The intervention targets extraordinary freight escalation, higher insurance premia and war?related export risks linked to recent security developments that have caused vessel diversions and longer sailing routes. The measure aims to sustain shipments and reduce uncertainty for consignments destined to or transiting through the region.

An Inter?Ministerial Group on Supply Chain Resilience was operationalised on 2 March 2026 and began daily reviews from 3 March 2026 to coordinate a whole?of?government response. Based on IMG deliberations, procedural relaxations for stranded cargo, enhanced port coordination and waivers of storage and dwell time charges were implemented, while advisories sought to improve transparency in shipping line pricing. Monitoring of insurance risk developments and inland logistics was strengthened to inform targeted relief design.

Export Credit Guarantee Corporation of India Ltd. (ECGC) has been designated as the nodal implementing agency to verify claims, process disbursements and monitor utilisation. RELIEF covers eligible past shipments and prospective exports through three complementary components. Consignments covered by ECGC during 14 February 2026 till 15 March 2026 will receive up to 100 per cent additional risk coverage. Exporters planning consignments between 16 March 2026 and 15 June 2026 will be supported to obtain ECGC cover for up to 95 per cent risk coverage.

Recognising that some Micro, Small and Medium Enterprises (MSME) lack credit insurance, RELIEF provides partial reimbursement of up to 50 per cent for eligible non?ECGC?insured MSME exporters subject to conditions and verification, with a ceiling of Rs. 5 mn per exporter. The intervention will be funded under EPM with an approved financial outlay of Rs. 4,970 million (mn), and ECGC will maintain a dashboard?based system to track claims and fund utilisation. The EPM Steering Committee will periodically review the measure to protect exporter confidence and safeguard employment in export?linked sectors.

The Government has approved RELIEF, Resilience and Logistics Intervention for Export Facilitation, as a time?bound measure under the Export Promotion Mission (EPM) to support exporters affected by disruptions in the West Asia maritime corridor. The intervention targets extraordinary freight escalation, higher insurance premia and war?related export risks linked to recent security developments that have caused vessel diversions and longer sailing routes. The measure aims to sustain shipments and reduce uncertainty for consignments destined to or transiting through the region. An Inter?Ministerial Group on Supply Chain Resilience was operationalised on 2 March 2026 and began daily reviews from 3 March 2026 to coordinate a whole?of?government response. Based on IMG deliberations, procedural relaxations for stranded cargo, enhanced port coordination and waivers of storage and dwell time charges were implemented, while advisories sought to improve transparency in shipping line pricing. Monitoring of insurance risk developments and inland logistics was strengthened to inform targeted relief design. Export Credit Guarantee Corporation of India Ltd. (ECGC) has been designated as the nodal implementing agency to verify claims, process disbursements and monitor utilisation. RELIEF covers eligible past shipments and prospective exports through three complementary components. Consignments covered by ECGC during 14 February 2026 till 15 March 2026 will receive up to 100 per cent additional risk coverage. Exporters planning consignments between 16 March 2026 and 15 June 2026 will be supported to obtain ECGC cover for up to 95 per cent risk coverage. Recognising that some Micro, Small and Medium Enterprises (MSME) lack credit insurance, RELIEF provides partial reimbursement of up to 50 per cent for eligible non?ECGC?insured MSME exporters subject to conditions and verification, with a ceiling of Rs. 5 mn per exporter. The intervention will be funded under EPM with an approved financial outlay of Rs. 4,970 million (mn), and ECGC will maintain a dashboard?based system to track claims and fund utilisation. The EPM Steering Committee will periodically review the measure to protect exporter confidence and safeguard employment in export?linked sectors.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Hexalog Appoints Vishal Shukla as Chief Transformation Officer

Hexalog, a cross-border supply chain and logistics company, has appointed Vishal Shukla as Chief Transformation Officer (CTO) to lead its operational transformation, technology adoption and expansion into new international markets.In his new role, Shukla will oversee the company's transformation strategy across operations, technology, product development and business expansion. His responsibilities include standardising processes, developing scalable operating models, strengthening existing trade corridors and introducing new fulfilment solutions for cross-border businesses.Shukla brings nearl..

Next Story
Real Estate

Dhuleva Group Awards 80-Storey Tower Contract to Eversendai

Dhuleva Group has awarded the core and shell structural construction contract for Dhuleva One50, an upcoming 80-storey ultra-luxury residential tower in South Mumbai, to Malaysia-based engineering and construction company Eversendai.Located near the Babulnath district, the development is planned as a high-rise residential landmark offering panoramic views of the Arabian Sea and Mumbai's skyline. The project will combine contemporary architecture with advanced engineering and premium residential facilities.Eversendai will undertake the structural construction works, drawing on its experience in..

Next Story
Building Material

Nuvoco Marks 10 Years, Targets 35 MMTPA Capacity by FY28

Nuvoco Vistas Corporation Limited is celebrating a decade of operations under the theme ‘Dus Saal Bemisaal’, highlighting its expansion in India's building materials sector. The company has grown from a single cement manufacturing facility into a diversified organisation operating across cement, ready-mix concrete (RMC) and modern building materials.The company's journey began in 2014 when its parent, Nirma Group, commissioned a 2 million metric tonnes per annum (MMTPA) greenfield cement plant at Nimbol, Rajasthan. A major milestone followed in October 2016 with the acquisition of Lafarge ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code