The extension of Component II of the RELIEF (Resilience & Logistics Intervention for Export Facilitation) initiative is aimed at encouraging exporters to obtain insurance cover from the Export Credit Guarantee Corporation of India (ECGC) for eligible shipments to specified regions, an official statement said.
New Delhi: The government has extended a scheme offering risk coverage to exporters facing higher shipping and insurance costs amid geopolitical disruptions in West Asia by six months to March 31, 2027, the Department of Commerce said on Monday.
The extension of Component II of the RELIEF (Resilience & Logistics Intervention for Export Facilitation) initiative is aimed at encouraging exporters to obtain insurance cover from the Export Credit Guarantee Corporation of India (ECGC) for eligible shipments to specified regions, an official statement said.
Under the scheme, eligible exporters can receive 95 per cent risk coverage, and protection against increases in insurance premiums beyond pre-disruption levels is available during the eligible period, the department said in a notification dated September 30.
Component II of the initiative aims to encourage exporters to obtain Export Credit Guarantee Corporation of India (ECGC) cover for upcoming shipments to specified regions by providing 95 per cent risk coverage.
The benefit is available for Standalone Policies and Whole Turnover Policies obtained on or after March 16, 2026. Under this component, the premium payable by eligible exporters is protected against increases beyond pre-disruption levels during the eligible period.
The covered cargo categories include Full Container Load (FCL), Less than Container Load (LCL) and refrigerated (reefer) containers, excluding energy shipments.
Exporters seeking coverage under the RELIEF initiative are required to submit claims and supporting documents through the ECGC customer portal at www.ecgcltd.in.
Guidance on generating user IDs and passwords, completing exporter registration and submitting claims under the initiative is available through dedicated video tutorials on ECGC’s official YouTube channel, @ecgcltd7016.
Launched on March 19, 2026, RELIEF is a targeted intervention to support Indian exporters facing extraordinary freight cost escalation, higher insurance premia and war-related export risks arising from disruptions in the Gulf and the wider West Asian maritime corridor.
The extension of RELIEF underscores the Government’s commitment to strengthening export resilience, sustaining trade flows and supporting Indian exporters amid continuing geopolitical and maritime logistics uncertainties, said a government statement.