-
Launched by: Ministry of Commerce and Industry under the Export Promotion Mission (EPM)
-
Aim: To support Indian exporters affected by extraordinary freight escalation, heightened insurance premium and war-related export risks arising from disruptions in the Gulf and wider West Asia maritime corridor.
-
Financial Outlay: Rs 497 Crores.
-
Coverage: RELIEF covers both eligible past shipments and prospective exports, with a strong focus on MSME support.
-
Intervention will be funded under EPM and reviewed periodically based on geopolitical developments.
-
Nodal Implementing Agency: Export Credit Guarantee Corporation of India Ltd.
-
Key Features
-
Up to 100% extra risk coverage for insured consignments during the eligible period from February 14, 2026, to March 15, 2026),
-
Up to 95% support for exporters planning to ship upcoming consignments during the next three months (March 16, 2026, to June 15, 2026).
-
Up to 50% reimbursement (maximum limit ₹50 lakh) for eligible non-ECGC-insured MSME exporters.
-
Export Promotion Mission (EPM)
-
Approved by the Union Cabinet on November 12, 2025.
-
Announcement: Union Budget 2025-26
-
Implementation period: 2025-26 to 2030-31
-
Total outlay: Rs. 25,060 crore
-
Objective: Strengthening India's export competitiveness, especially for MSMEs, first-time exporters, and labour-intensive sectors.