NEWS: The Ministry of Commerce and Industry extended Component II of the RELIEF scheme until 31 March 2027 to support exporters facing disruptions in West Asia.

ABOUT RELIEF

• Full Form: Resilience and Logistics Intervention for Export Facilitation.
• Launched: March 2026.
• Ministry: Ministry of Commerce and Industry.
• Umbrella Initiative: Export Promotion Mission (EPM).
• Nodal Agency: Export Credit Guarantee Corporation of India (ECGC).
• Objective: Support exporters facing higher freight costs, insurance premiums + war-related export risks.

THREE COMPONENTS

• Component I: Up to 100% risk coverage for exporters already insured by ECGC.
• Component II: Up to 95% risk coverage for exporters obtaining ECGC cover for upcoming shipments.
• Component III: MSME exporters without ECGC insurance → reimbursement of up to 50% of eligible additional freight + insurance costs, capped at ₹50 lakh per exporter.

ELIGIBLE DESTINATIONS

• West Asian countries, including UAE, Saudi Arabia, Qatar, Oman, Kuwait, Bahrain, Iraq, Iran, Israel + Yemen.
• Recently added: Egypt + Jordan.

SIGNIFICANCE

• Reduces exporters’ financial risks and supports MSMEs.
• Improves export resilience amid geopolitical tensions + maritime disruptions