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Exporters Get Relief: Scheme Extended to 2027
26 Oct
Summary
- Export risk coverage scheme extended until March 31, 2027.
- Eligible exporters receive 95 percent coverage for shipments.
- Scheme supports trade amid West Asian geopolitical disruptions.
The Indian government has extended the RELIEF initiative, a crucial support scheme for exporters, until March 31, 2027. This extension aims to bolster trade by providing risk coverage against escalating shipping and insurance costs. The initiative, particularly Component II, offers eligible exporters up to 95 percent coverage for their shipments.
Launched to address the impact of geopolitical tensions in West Asia on maritime logistics, RELIEF helps Indian exporters manage increased freight costs and war-related risks. Exporters can claim benefits through the Export Credit Guarantee Corporation's portal. The scheme supports various cargo types but excludes energy shipments.
