India Expands Export Relief Scheme Amid West Asia Conflict
Govt widens export relief cover to support traders hit by war
Mint
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The Indian government has broadened its Resilience & Logistics Intervention for Export Facilitation (RELIEF) scheme to include Egypt and Jordan, aiding exporters affected by the ongoing conflict in West Asia. The initiative aims to mitigate rising freight costs and insurance premiums, ensuring support for both current and future shipments.
- 01The RELIEF scheme now includes Egypt and Jordan to support affected exporters.
- 02The initiative addresses rising freight costs and insurance premiums due to the West Asia conflict.
- 03Implemented by the Export Credit Guarantee Corporation of India (ECGC), it offers comprehensive support across the export cycle.
- 04The government allocated ₹497 crore (approximately $60 million USD) for this initiative.
- 05The expansion aims to bolster exporter confidence and prevent order cancellations.
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The Indian government has expanded its Resilience & Logistics Intervention for Export Facilitation (RELIEF) scheme to include Egypt and Jordan, providing crucial support to exporters impacted by the ongoing conflict in West Asia. Launched on March 19, 2026, the scheme aims to mitigate the effects of surging freight costs and higher insurance premiums caused by disruptions in the Gulf and wider West Asia maritime corridor. The Export Credit Guarantee Corporation of India (ECGC) administers the program, which supports both current shipments and future consignments. A financial outlay of ₹497 crore (approximately $60 million USD) has been allocated to this initiative. The government emphasized that the expansion reflects its commitment to addressing the challenges faced by exporters and maintaining trade flows during uncertain times. By enhancing export resilience and protecting employment in export-linked sectors, the RELIEF scheme aims to instill confidence among exporters and prevent order cancellations.
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The expansion of the RELIEF scheme is expected to help Indian exporters manage increased costs and maintain trade operations, which can help protect jobs in export-related sectors.
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