Quick Summary
Government approves RELIEF (Resilience Logistics Intervention for Export Facilitation) - an intervention under Export Promotion Mission to support exporters amid West Asia logistics disruptions Flexible EPM framework enables timely response to extraordinary freight, insurance and war-risk escalation Recent developments, including heightened security concerns around the Strait of Hormuz, have led to vessel diversions, longer sailing routes, congestion at transshipment hubs and emergency confli
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FAQ :
RELIEF (Resilience & Logistics Intervention for Export Facilitation) is a government scheme designed to support Indian exporters affected by logistics disruptions and cost escalations in the West Asia maritime corridor.
It has been introduced in response to heightened security concerns, vessel diversions, longer sailing routes, and increased costs (freight, insurance, war-risk) impacting exports to or through the West Asia region.
ECGC Ltd. (formerly Export Credit Guarantee Corporation of India Ltd.) is the designated nodal and implementing agency responsible for verification, claim processing, disbursement, and monitoring of the scheme.
RELIEF offers up to 100% risk coverage for eligible past shipments and up to 95% risk coverage for prospective exports, along with a partial reimbursement (up to 50%) for eligible MSME exporters who haven't availed credit insurance but face increased costs.
The scheme covers consignments destined for countries in the region such as the United Arab Emirates, Saudi Arabia, Kuwait, Israel, Qatar, Oman, Bahrain, Iraq, Iran, and Yemen, whether for delivery or transshipment.
The RELIEF intervention will be implemented under the Export Promotion Mission with an approved financial outlay of Rs. 497 Crores.
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