Centre Launches Relief Scheme to Support Exporters Amid West Asia Crisis

Government Launches RELIEF Initiative to Support Indian Exporters

The Centre has announced the launch of Resilience & Logistics Intervention for Export Facilitation (RELIEF), a new initiative aimed at easing challenges faced by Indian exporters amid trade disruptions caused by the West Asia conflict.

RELIEF is part of the government's Export Promotion Mission and is designed to provide targeted support to exporters, particularly small and medium enterprises (MSMEs), to overcome operational bottlenecks and ensure smoother trade flows. The scheme will cover insured exporters and non-ECGC insured MSME exporters for one month, and future shipments for three months.

The expenditure for the new scheme will be met from the existing Export Promotion Mission allocation. The initiative aims to stabilise shipments to West Asia and the Gulf, while providing relief to Indian exporters facing extraordinary logistics costs. RELIEF will help reduce extraordinary freight and insurance burden, addressing challenges specific to Indian exporters and bringing in a proper package through ECGC.

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The government's commitment to maintaining trade continuity despite global supply chain disruptions is evident in this initiative. RELIEF is designed to provide support to Indian exporters during these extraordinary times, ensuring the country's export flows remain stable and secure.