Government Announces RELIEF Scheme for Exporters

Government Announces RELIEF Scheme for Exporters

Daily Current Affairs   /   Government Announces RELIEF Scheme for Exporters

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Category : National Published on: March 23 2026

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  • Amidst geopolitical tensions in West Asia and disruptions in the Strait of Hormuz, India has launched the RELIEF (Resilience & Logistics Intervention for Export Facilitation) scheme. With a budget of ₹497 crore, the initiative addresses skyrocketing freight and insurance costs.
  • The scheme, implemented by ECGC Ltd, provides up to 100% additional risk coverage for existing shipments and 95% for new ones. Furthermore, MSME exporters can receive up to 50% reimbursement on freight surcharges. This targeted intervention aims to maintain the competitiveness of Indian exports and prevent order cancellations during maritime logistics crises.
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