{"id":93857,"date":"2026-03-20T13:04:59","date_gmt":"2026-03-20T07:34:59","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=93857"},"modified":"2026-03-20T17:25:12","modified_gmt":"2026-03-20T11:55:12","slug":"relief-scheme","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/relief-scheme\/","title":{"rendered":"RELIEF Scheme"},"content":{"rendered":"<h2><b>RELIEF Scheme Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recently, the Government of India has approved the RELIEF (Resilience &amp; Logistics Intervention for Export Facilitation) scheme to support exporters facing severe maritime disruptions in West Asia.\u00a0<\/span><\/p>\n<h2><b>About RELIEF Scheme<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is aimed at supporting <\/span><b>Indian exporters affected by extraordinary freight escalation<\/b><span style=\"font-weight: 400;\">, heightened insurance premiums and war-related export risks arising from disruptions in the Gulf and wider West Asia maritime corridor.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is a <\/span><b>time-bound and targeted intervention<\/b><span style=\"font-weight: 400;\"> launched under the <strong><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/export-promotion-mission\/\" target=\"_blank\">Export Promotion Mission (EPM)<\/a><\/strong>.<\/span><\/li>\n<\/ul>\n<h2><b>Features of RELIEF Scheme<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Enhanced Risk Coverage (Past Shipments):<\/b><span style=\"font-weight: 400;\"> Exporters with existing ECGC cover for shipments between 14 February and 15 March 2026 receive <\/span><b>up to 100% risk coverage<\/b><span style=\"font-weight: 400;\"> for additional conflict-linked losses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Support for Prospective Exports:<\/b><span style=\"font-weight: 400;\"> For shipments planned between 16 March and 15 June 2026, the government supports up to 95% risk coverage to maintain exporter confidence.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>MSME Reimbursement<\/b><span style=\"font-weight: 400;\">: Non-insured MSME exporters <\/span><b>can claim up to 50% reimbursement<\/b><span style=\"font-weight: 400;\"> (capped at \u20b950 lakh per exporter) for extraordinary freight and insurance surcharges incurred during the initial disruption month.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Regional Scope:<\/b><span style=\"font-weight: 400;\"> Applies to all consignments destined for or transshipped through the UAE, Saudi Arabia, Kuwait, Israel, Qatar, Oman, Bahrain, Iraq, Iran, and Yemen.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Operational Reliefs:<\/b><span style=\"font-weight: 400;\"> Includes waivers of storage and dwell time charges at ports and procedural relaxations for stranded cargo coordinated by the IMG.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Real-time Monitoring:<\/b><span style=\"font-weight: 400;\"> ECGC will maintain a dashboard-based system for tracking claims and fund utilization, with periodic reviews by the EPM Steering Committee.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Implementation:<\/b><span style=\"font-weight: 400;\"> By ECGC Ltd<\/span><\/li>\n<\/ul>\n<p><b>Source: <\/b><strong><a href=\"https:\/\/www.pib.gov.in\/PressReleseDetail.aspx?PRID=2242410&amp;reg=3&amp;lang=1\" target=\"_blank\" rel=\"nofollow noopener\">PIB<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RELIEF Scheme is aimed at supporting Indian exporters affected by extraordinary freight escalation arising from disruptions in the Gulf and wider West Asia maritime corridor. Read more about RELIEF Scheme, Objectives, Impact, Incentives, Latest News.<\/p>\n","protected":false},"author":24,"featured_media":93868,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[21,6229,22,23],"class_list":{"0":"post-93857","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-prelims-pointers","9":"tag-relief-scheme","10":"tag-upsc-current-affairs","11":"tag-upsc-prelims-current-affairs","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/93857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=93857"}],"version-history":[{"count":5,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/93857\/revisions"}],"predecessor-version":[{"id":93902,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/93857\/revisions\/93902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/93868"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=93857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=93857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=93857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}