Ministry of Commerce & Industry
Department of Commerce Extends RELIEF Initiative under Export Promotion Mission Until March 31, 2027
PrelimsMainsGS3International RelationsEconomyGovernment Schemes
Source-grounded summary
The Department of Commerce has extended Component II of the RELIEF (Resilience & Logistics Intervention for Export Facilitation) initiative under the Export Promotion Mission until March 31, 2027. Notified via Notification No. 37/2026-27 on September 30, 2026, the extension responds to ongoing geopolitical disruptions in West Asia affecting maritime logistics across the Gulf and adjoining regions. RELIEF provides 95 per cent risk coverage to encourage exporters to obtain ECGC cover for upcoming shipments in FCL, LCL, and reefer containers, while protecting eligible exporters from premium increases beyond pre-disruption levels. Claims are processed through the ECGC customer portal.