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India Extends Exporter Insurance Support Amid West Asia Disruptions
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CNBC TV18•30-09-2026, 20:46
India Extends Exporter Insurance Support Amid West Asia Disruptions
- •India has extended its insurance support scheme (RELIEF) for exporters by six months, until March 31, 2027, due to ongoing geopolitical tensions in West Asia.
- •The extension aims to help Indian exporters manage increased logistics costs, higher freight rates, and rising insurance premiums caused by disruptions to shipping routes.
- •RELIEF, introduced in March 2026, provides additional risk cover for existing ECGC policyholders and government-supported ECGC cover for subsequent shipments.
- •Small and medium-sized exporters without ECGC insurance can receive reimbursement of up to 50% of eligible costs, capped at ₹50 lakh per exporter.
- •The government has allocated ₹497 crore for RELIEF and is monitoring the situation through an Inter-Ministerial Group to ensure supply chain resilience and support exports.
Key Questions Answered
The eligibility period for the RELIEF intervention under the government's Export Promotion Mission has been extended until March 31, 2027.
Exporters with existing ECGC insurance can receive additional risk cover of up to 100% for eligible shipments during the initial disruption period, and up to 95% for shipments in subsequent periods. Eligible MSME exporters without prior ECGC insurance can receive up to 50% reimbursement of eligible costs, capped at ₹50 lakh per exporter.
The Export Credit Guarantee Corporation of India (ECGC) serves as the implementing agency, handling verification, claims, payments, and monitoring of the insurance support.
