Indian Government Extends Export Risk Cover Scheme Amid West Asia Tensions

The Indian government has extended the RELIEF initiative until March 31, 2027, to support exporters facing higher shipping and insurance costs due to geopolitical tensions in West Asia. Eligible exporters can receive up to 95% coverage for their shipments, with claims to be submitted through the ECGC's customer portal.

Key facts

• The RELIEF initiative has been extended until March 31, 2027.
• Eligible exporters can receive up to 95% coverage for their shipments.
• The scheme aims to protect exporters from rising insurance premiums.
• Exporters must submit claims through the ECGC's customer portal.

Sources

• The Economic Times