Government Approves RELIEF Scheme to Support Exporters

24 Mar 2026 CW Team

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.

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