Recently, the Government of India has approved the RELIEF (Resilience & Logistics Intervention for Export Facilitation) scheme to support exporters facing severe maritime disruptions in West Asia.
About RELIEF Initiative:
It is aimed at supporting Indian exporters affected by extraordinary freight escalation, heightened insurance premia and war-related export risks arising from disruptions in the Gulf and wider West Asia maritime corridor.
It is a time-bound and targeted intervention launched under the Export Promotion Mission (EPM).
Features of RELIEF Initiative:
Enhanced Risk Coverage (Past Shipments): Exporters with existing ECGC cover for shipments between 14 February and 15 March 2026 receive up to 100% risk coverage for additional conflict-linked losses.
Support for Prospective Exports: For shipments planned between 16 March and 15 June 2026, the government supports up to 95% risk coverage to maintain exporter confidence.
MSME Reimbursement: Non-insured MSME exporters can claim up to 50% reimbursement (capped at ₹50 lakh per exporter) for extraordinary freight and insurance surcharges incurred during the initial disruption month.
Regional Scope: Applies to all consignments destined for or transshipped through the UAE, Saudi Arabia, Kuwait, Israel, Qatar, Oman, Bahrain, Iraq, Iran, and Yemen.
Operational Reliefs: Includes waivers of storage and dwell time charges at ports and procedural relaxations for stranded cargo coordinated by the IMG.
Real-time Monitoring: ECGC will maintain a dashboard-based system for tracking claims and fund utilization, with periodic reviews by the EPM Steering Committee.
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