RELIEF Scheme: Overview and Background
The Resilience & Logistics Intervention for Export Facilitation (RELIEF) Scheme is a time-bound initiative launched under the Export Promotion Mission (EPM) by the Ministry of Commerce and Industry. The scheme was expanded in response to escalating geopolitical tensions and maritime disruptions in West Asia affecting Indian exports.
Key Features
Financial Outlay
- Total Allocation: ₹497 crore
- Implementing Agency: Export Credit Guarantee Corporation of India (ECGC)
Objectives
- Mitigate rising logistics costs
- Provide risk protection against geopolitical disruptions
- Ensure supply chain resilience
- Maintain India's export competitiveness
Geographic Coverage
- West Asia and Gulf countries: UAE, Saudi Arabia, Qatar, Oman, Kuwait, Bahrain, Iraq, Iran, Yemen
- Newly added: Egypt and Jordan
Three-Part Implementation Framework
Component 1
- For exporters already holding ECGC cover
- Consignments issued between February 14 - March 15, 2026
- Premium rates maintained at pre-disruption levels
- Enhanced cover up to 100% for war-related risks
Component 2
- Coverage period: March 16 - June 15, 2026
- Provides up to 95% loss coverage
- Includes exporters obtaining fresh ECGC Whole Turnover Policies post-March 16, 2026
Component 3
- Specifically targets MSME exporters lacking prior insurance
- Cap of Rs 50 lakh per exporter for affected shipments
Significance for India's Trade Policy
- Export Protection: Provides financial safety net during geopolitical crises
- MSME Focus: Special provisions for small exporters without prior insurance
- Supply Chain Resilience: Addresses disruptions in shipping routes through West Asia
- Trade Facilitation: Maintains India's competitive position in Gulf export markets
Constitutional/Policy Context
- Ministry of Commerce and Industry oversight
- ECGC as the nodal agency for claim processing and disbursement
- Aligns with India's broader trade diversification strategy