Resilience & Logistics Intervention for Export Facilitation (RELIEF) Scheme Launched with ₹497 Crore Outlay

Key facts

• The Government of India introduced the Resilience & Logistics Intervention for Export Facilitation (RELIEF) scheme with a total budget outlay of ₹497 crore.
• The Export Credit Guarantee Corporation (ECGC) will implement the scheme to support exporters affected by disruptions from the West Asia conflict.
• The RELIEF scheme covers export consignments to approximately 17 countries where global reinsurers have reduced coverage, including routes through the Strait of Hormuz.
• The scheme provides enhanced insurance coverage of up to 100% for losses in eligible cases, compared to the standard 70-80% risk cover currently provided by the ECGC.
• The package includes automatic extensions of export obligations and logistical support to assist smaller exporters facing high freight rates and limited working capital.
• The intervention applies to both shipments already dispatched during the disruption window and upcoming exports.