Sub: RELIEF Scheme announced by Government of India for Exporters – Implementation through Export Credit Guarantee Corporation of India Ltd.

Dear Sir/Madam,

This is to inform that the Government has announced a RELIEF Scheme (Resilience & Logistics Intervention for Export Facilitation) through DGFT Notification No. 65/2025-26 dated March 19, 2026 to support exporters adversely impacted by the ongoing disruptions in the West Asia / Middle East region – Copy Enclosed (Click to download).

The Scheme will be implemented through Export Credit Guarantee Corporation of India Ltd., which will act as the nodal agency for providing risk coverage and disbursing financial assistance.

The scheme is launched under the Export Promotion Mission (EPM) with a budget outlay of Rs. 467 crores.

Objective of the Scheme

The objective of the Scheme is to address elevated export risks arising from geopolitical disruptions in the Gulf and West Asia maritime corridor that have resulted in a sudden escalation in outbound logistic costs for exporters, driven by vessel diversions, longer maritime routes, higher insurance premiums, and congestion at regional transshipment hubs.

Key components of RELIEF Scheme

The RELIEF Scheme is a three component Package that covers:

1. Exporters who have already obtained ECGC Credit Insurance cover for eligible consignment will benefit from upto 100% risk coverage, over and above the existing ECGC cover during the eligible period (February 14, 2026 till March 15, 2026).
   
   
2. Exporters planning to ship cargos in future over the next 3 months (from March 16, 2026 to June 15, 2026)- they will be encouraged to obtain ECGC cover with Government Support for upto 95% risk coverage, over and above the existing ECGC cover.
   
   
3. In case of MSME exporters who may not have availed coverage under ECGC’s Credit Insurance Policy, for shipments (between February 14, 2026 to March 15, 2026), but are facing extraordinary freight and Insurance Surcharge burdens, the scheme includes a partial reimbursement of upto 50%.

Coverage 

1. FCL (Full Container Load) and LCL (Less than Container Load) Cargos – destined for countries like UAE, Saudi Arabia, Israel, Kuwait, Qatar, Oman, Bahrain, Iraq, Iran and Yemen for delivery or for transshipment are covered under the Scheme.

2. Assistance under the above 3 components shall not be applicable for back to town cargos.

Processing of Claims

The claims shall be processed in order of receipt, subject to eligibility, verification, and availability of funds within the approved financial ceiling, and the total Government liability under this intervention shall not exceed the budgetary allocation approved under the Export Promotion Mission. ECGC shall maintain a real-time monitoring dashboard of claims processed and balance funds available under the intervention.

Advisory to Members

Members exporting to the affected region are advised to:

1. Immediately review their existing ECGC coverage
2. Consider availing enhanced ECGC risk cover for upcoming shipments
3. Maintain proper documentation of additional freight and insurance costs

MATEXIL will continue to engage with the Government and Export Credit Guarantee Corporation of India Ltd. for any further clarifications and will keep members updated on operational modalities.

Thanking You

A. Ravi Kumar
Executive Director