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Corporate Update

RELIEF Scheme Gets Four Month Extension To Protect Indian Exporters

• By  Textile Excellence
• October 31, 2026

The Indian government has extended Component II of its RELIEF initiative until March 31, 2027, keeping crucial insurance support in place as geopolitical disruptions continue to unsettle shipping across West Asia and the Gulf.

The scheme, launched in March 2026 under the Export Promotion Mission, offers 95% risk coverage to encourage exporters to obtain insurance from the Export Credit Guarantee Corporation of India (ECGC).

It covers eligible standalone and whole-turnover policies taken on or after March 16, 2026. It also protects exporters against increases in insurance premiums beyond pre-disruption levels during the eligible period.

The coverage applies to full container load (FCL), less-than-container load (LCL) and refrigerated (reefer) shipments. Energy shipments are excluded.

RELIEF was introduced to cushion exporters against soaring freight costs, higher insurance premiums and war-related shipping risks arising from disruptions in the Gulf and wider West Asian maritime corridor.

With uncertainty still hanging over shipping routes, the extension gives Indian exporters more time and insurance protection to keep their shipments moving.

RELIEF was introduced to cushion exporters against soaring freight costs, higher insurance premiums and war-related shipping risks arising from disruptions in the Gulf and wider West Asian maritime corridor. With uncertainty still hanging over shipping routes, the extension gives Indian exporters more time and insurance protection to keep their shipments moving.