EconomyFriday, 20 March 2026·The Hindu / PIB
Government approves RELIEF scheme with ₹497 crore to support exporters hit by West Asia logistics disruptions
The government approved RELIEF under the Export Promotion Mission to help exporters facing freight, insurance and route disruptions in West Asia.
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 an outlay of ₹497 crore to support exporters affected by West Asia logistics disruptions.
Key specifics
- RELIEF stands for Resilience & Logistics Intervention for Export Facilitation.
- The approved budget for the intervention is ₹497 crore.
- ECGC Limited is the nodal agency for verification, claim processing, disbursement and monitoring.
- Eligible consignments insured between 14 February 2026 and 15 March 2026 can get up to 100% risk coverage.
- Upcoming consignments between 16 March 2026 and 15 June 2026 can get government-supported cover up to 95%, while MSMEs can receive reimbursement up to 50% with a ceiling of ₹50 lakh per exporter.
Exam lens
Question type: Economy and scheme-based MCQ; remember RELIEF, ECGC Limited, ₹497 crore, 14 February 2026 to 15 June 2026, and the 50% reimbursement cap of ₹50 lakh. TNPSC may ask which agency handles export-risk support during West Asia disruptions.