India Expands RELIEF Scheme for Exporters Amid West Asia Crisis
West Asia crisis: More destinations added to RELIEF scheme for exporters
Business Standard
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In response to the ongoing crisis in West Asia, the Indian government has expanded its RELIEF scheme, adding Egypt and Jordan as eligible destinations for exporters. Launched with a budget of ₹497 crore, the scheme aims to support exporters facing disruptions in maritime logistics due to geopolitical tensions.
- 01The RELIEF scheme now includes Egypt and Jordan as eligible destinations for exporters.
- 02Launched on March 19, the scheme has a budget of ₹497 crore.
- 03Exporters obtaining a new ECGC whole turnover policy after March 16, 2026, will be eligible for support.
- 04The government is implementing reforms to improve the efficiency of Norms Committees under the Directorate General of Foreign Trade.
- 05A special drive has been initiated to expedite the disposal of pending applications.
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The Indian government has expanded the RELIEF (Resilience and Logistics Intervention for Export Facilitation) scheme to include Egypt and Jordan as eligible destinations for exporters. This decision comes amid ongoing geopolitical tensions in West Asia that have disrupted maritime logistics, impacting India's exports. Launched on March 19 with a budget of ₹497 crore (approximately $60 million USD), the scheme aims to provide support throughout the export cycle, including for shipments already in transit during the crisis. Additionally, exporters who secure a new Export Credit Guarantee Corporation (ECGC) whole turnover policy on or after March 16, 2026 will qualify for assistance. The commerce ministry has also announced targeted reforms to enhance the efficiency of Norms Committees under the Directorate General of Foreign Trade, aimed at improving turnaround times and ensuring transparency in the approval process for export-related applications.
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This expansion of the RELIEF scheme is expected to provide much-needed support to Indian exporters facing challenges due to the West Asia crisis, potentially stabilizing export revenues and protecting jobs in the export sector.
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