Centre extends RELIEF export risk cover to March 2027
In short
The Centre has extended the RELIEF scheme to March 31, 2027. It gives exporters 95 percent risk cover and protection from higher insurance premiums.
This matters for exporters facing costly shipping and insurance because of West Asia tensions. The reporting does not say how many exporters will use it or how big the benefit will be.
What the reporting says
The Centre extended the RELIEF initiative to March 31, 2027, to support exporters facing higher shipping and insurance costs. The Economic Times summary says eligible exporters can get 95 percent coverage and protection against rising insurance premiums, with claims routed through the Export Credit Guarantee Corporation customer portal. The reporting links the move to West Asia tensions, but it does not quantify how much trade or premium relief will result.
Why it matters
The Centre has extended the RELIEF initiative until March 31, 2027, according to the summary. The scheme offers exporters 95 percent coverage and help against rising insurance premiums, with claims processed through the Export Credit Guarantee Corporation portal. The move is meant to support trade flows amid geopolitical tensions in West Asia, but the reporting does not specify the number of beneficiaries or the fiscal cost.