Government Announces RELIEF Scheme for Exporters

Daily Current Affairs / Government Announces RELIEF Scheme for Exporters

Change Language English Hindi

Category : National Published on: March 23 2026

Share on facebook

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.

Lieutenant General Susan Coyle appointed as first woman Chief of the Australian Army.
Read More....
Ambedkar Jayanti and Baisakhi (April 14) celebrated together highlighting ideals of equality and social reform.
Read More....
The Supreme Court dissolves Irretrievable Breakdown marriage under Article 142 and curbs misuse of legal process.
Read More....
Bohag Bihu (Rongali Bihu) celebrations begin in Assam from April 14 to 20, 2026.
Read More....
Sunil Bajpai appointed as Principal Chief Commissioner of Income Tax for Tamil Nadu & Puducherry.
Read More....
Nitish Kumar resigns as Bihar Chief Minister; Samrat Choudhary to take over as new CM.
Read More....
Mitchell Starc and Deepti Sharma named Leading Cricketers of the World by Wisden 2025.
Read More....
NFDC to release Malayalam film ‘Achappa’s Album’ on 24 April 2026.
Read More....
MoRTH notified new rules for overloaded vehicles on National Highways effective 15 April 2026.
Read More....
NAAS organises brainstorming sessions to achieve Atmanirbharta in fertilizers by 2047.
Read More....

Government Announces RELIEF Scheme for Exporters