RELIEF Component II extended to 31 March 2027 for exporters
Why in the news
On 26 October 2026 the Department of Commerce said it has extended the timelines of Component II of the RELIEF initiative, part of the Export Promotion Mission (EPM), to 31 March 2027. The reason given is the continuing geopolitical trouble in West Asia and its effect on sea logistics in the Gulf.
Key facts
- RELIEF: Resilience & Logistics Intervention for Export Facilitation.
- New end date: 31 March 2027, notified via Notification No. 37/2026-27 of 30 September 2026.
- 95% risk coverage for exporters who obtain ECGC (Export Credit Guarantee Corporation of India) cover for future shipments to specified regions.
- Eligible policies: Standalone and Whole Turnover Policies taken on or after 16 March 2026.
- Premium protection: premiums will not rise above pre-disruption levels during the eligible period.
- Cargo covered: Full Container Load (FCL), Less than Container Load (LCL) and refrigerated (reefer) containers; energy shipments are excluded.
- Claims are filed on the ECGC customer portal.
| Item | Detail |
|---|---|
| Launched | 19 March 2026 |
| Policy cut-off | On or after 16 March 2026 |
| Extended till | 31 March 2027 |
| Risk cover | 95% |
About RELIEF
RELIEF was started on 19 March 2026 under the Export Promotion Mission of the Ministry of Commerce & Industry. It aims to help exporters hit by much higher freight charges, costlier insurance and war-linked risks after disruption in the Gulf and the wider West Asian sea corridor.
Exam angle
- Full form of RELIEF and the ministry behind it.
- Risk cover figure (95%) and the agency providing cover (ECGC).
- Key dates: launch 19 March 2026; extension to 31 March 2027.
- Energy cargo is not covered.