EconomyFriday, 20 March 2026·https://testbook.com/current-affairs/20-march-2026-daily-current-affairs
Government approves RELIEF intervention for exporters hit by West Asia logistics disruptions
The government approved RELIEF under the Export Promotion Mission to support exporters facing freight and insurance shocks.
Key highlights
Direct fact
On 20 March 2026, the Government of India approved RELIEF (Resilience & Logistics Intervention for Export Facilitation) under the Export Promotion Mission with a ₹497 crore outlay to help exporters affected by West Asia maritime disruptions.
Key specifics
- An Inter-Ministerial Group on Supply Chain Resilience was operationalised on 2 March 2026.
- ECGC Limited is the nodal agency for verification, claim processing, disbursement and monitoring.
- The intervention covers consignments to the UAE, Saudi Arabia, Kuwait, Israel, Qatar, Oman, Bahrain, Iraq, Iran and Yemen.
- Past shipments insured between 14 February 2026 and 15 March 2026 can get up to 100% risk coverage over existing cover.
- MSMEs can receive reimbursement up to 50%, with a ceiling of ₹50 lakh per exporter.
Exam lens
Question type: economy and scheme facts, RELIEF, ₹497 crore, ECGC Limited, 2 March 2026, 14 Feb–15 Mar 2026; TNPSC may ask which intervention supports exporters facing Strait of Hormuz-related freight escalation.