Exporters get six more months of risk cover amid West Asia turmoil

Benchmarks Nifty22,753.20153.21FEATURED FUNDS★★★★★UTI Aggressive Hybrid Fund Regular Plan-Growth5Y Return8.52 % Invest NowFEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return17.9 % Invest NowEnter search text:

The Economic Times daily newspaper is available online now. Read Today's Paper Exporters get six more months of risk cover amid West Asia turmoilET OnlineLast Updated: Oct 26, 2026, 05:33:00 PM ISTSynopsis

The Centre has extended the RELIEF initiative to March 31, 2027, to assist exporters. This scheme provides risk coverage to exporters facing higher shipping and insurance costs. Eligible exporters can receive 95 percent coverage and protection against rising insurance premiums. Exporters must submit claims through the Export Credit Guarantee Corporation's customer portal to benefit. The extension aims to support trade flows amid ongoing geopolitical tensions in West Asia.

Amid geopolitical disruptions in West Asia, the Centre extended a scheme offering risk coverage to exporters facing higher shipping and insurance costs by six months.

Component II of the RELIEF (Resilience & Logistics Intervention for Export Facilitation) initiative will now remain in force until March 31, 2027, the Department of Commerce said on Monday.

The initiative is aimed at encouraging exporters to obtain insurance cover from the Export Credit Guarantee Corporation of India (ECGC) for eligible shipments to specified regions.

Also Read | ‘Very high’ expectations from India-EU FTA, says Rotterdam port chief

Under the scheme, eligible exporters can receive 95 per cent risk coverage, and protection against increases in insurance premiums beyond pre-disruption levels is available during the eligible period, the department said in a notification dated September 30.

Live Events

The extension comes as continuing geopolitical tensions in West Asia disrupt maritime logistics across the Gulf and surrounding regions, raising freight costs, insurance premiums and war-related risks for Indian exporters.

What does the scheme cover?

Component II covers standalone and whole-turnover ECGC policies obtained on or after March 16, 2026. Eligible cargo includes full container load (FCL), less than container load (LCL) and refrigerated containers, while energy shipments are excluded.

Exporters seeking benefits must submit claims and supporting documents through ECGC's customer portal. The corporation has also published video tutorials on its official YouTube channel to guide exporters through registration and claim submission.

Launched on March 19, 2026, RELIEF is part of the government's Export Promotion Mission and is intended to help Indian exporters manage exceptional increases in logistics costs and export risks arising from disruptions along the Gulf and wider West Asian maritime corridor.

Also Read | India, Russia aim for $100 billion trade by 2030 as Modi, Putin push cooperation

The extension is intended to sustain trade flows and reduce exporters' exposure to elevated shipping and insurance costs while geopolitical uncertainty persists. Its impact will depend on the extent of eligible exporters' participation and the costs and risks covered under the scheme.

(With inputs from PTI)
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onExport Credit Guarantee Corporation of Indiaexport risk coverRELIEF initiativeexport facilitation schemeinsurance cover for exportersgeopolitical disruptions West Asiainsurance premiums increaseexporters claims submissionmaritime logistics Gulfwest asia
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onExport Credit Guarantee Corporation of Indiaexport risk coverRELIEF initiativeexport facilitation schemeinsurance cover for exportersgeopolitical disruptions West Asiainsurance premiums increaseexporters claims submissionmaritime logistics Gulfwest asia Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition

• Will oil turn into a lingering problem? Is the world economy, India, or the market prepared?

• KYB and KYC: Business behind the wealth creator called ‘Divi’s Lab’ – Part 2, concluding

• KYB and KYC: Business behind the wealth creator called “Divi’s Lab” – Part 1

• The global business of promising more

• One company, 2 words. Bond yield and CDS: Will they decide the fate of global markets?

• Business of Odd Things: Inside an industry that farms fish that nobody is meant to eat

• 1
• 2
• 3

View all StoriesContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories
& personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions &
in-depth stock reportsSubscribe NowET

Unlock Access to All Exclusives with ETPrime FREE TRIAL

15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers

Trial offer expiring in00 : 05 : 00

I'd rather pay ₹2599 now

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Prime Account Detected!

It seems like you're already an ETPrime member with

Login using your ET Prime credentials to enjoy all member benefits

Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.

Unlock ETPrime's Exclusive Stories Today!

Big Price Drop! Flat 40% Off

Student Only OfferAlready a Member? Sign In nowAlready a Member? Sign In nowAlready a Member? Sign In now

Offer Exclusively For You

Save up to Rs. 700/-

ON ET PRIME MEMBERSHIP

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get Flat 40% Off

Then ₹ 1749 for 1 year

Avail Offer

Offer Exclusively For You

ET Prime at ₹ 49 for 1 month

Then ₹ 1749 for 1 year

Avail Offer

Special Offer

Get flat 40% off on ETPrime

Avail OfferAvail OfferClaim NowAlready a Member? Sign In now

Need Assistance?

Connect with an ETPrime expert for personalized support and guidance

+91 9484700004'; }); } if(listing) { var h3 = "You tried reading " + listArr.length + " locked stories in the past " + threshold + " days.", h4 = "Become an ET Prime member and don't miss out on these exclusive stories."; var html = '

' + h3 + '

' + h4 + '

' + listing + '

'; $('#paidSCWidget').html(html); var callback = $('#paidSCWidget').attr('data-callback'); if(callback && window[callback]) { window[callback](); } customDimension.dimension72 += ' | Shown SYFT no Trial_With Missed Paywalled Articles Collection'; } else { _processNormal() } } }); } else { _processNormal(); } } catch (e) { _processNormal(); } }, function () { _processNormal(); }); //console.log('storyCollectionLoad', $); }

What’s Included with

ETPrime Membership

1Exclusive Insights That Matter

Uncover the truth with our investigative stories

Make strategic moves using the real-world case studies

Read industry-specific stories to identify emerging trends

Spot opportunities with
in-depth insights that matter

• Trump temper on H-1B visas is forcing Indians to do these things to stay put in US

  What Adani’s US indictment means for India Inc’s overseas fundraising

• Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.

  Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?

• Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?

  The problem with lab grown diamonds

• Why a falling rupee is a better option for the economy

  A list of top 20 momentum stocks that have delivered massive returns in one year

2Invest Wisely With Smart Market Tools & Investment Ideas

Alpha Trade

Get daily trade ideas from SEBI-registered research analysts.

Investment Ideas

Grow your wealth with stock ideas & sectoral trends.

Stock Reports Plus

All-in-one stock research with Stock Score, peer comparison & key signals.

BigBull Portfolio

Get to know where the market bulls are investing to identify the right stocks.

Stock Analyzer

Check the score based on the company's fundamentals, solvency, growth, risk & ownership to decide the right stocks.

Market Mood

Analyze the market sentiments & identify the trend reversal for strategic decisions.

Stock Talk Live at 9 AM Daily

Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.

3Stay informed anytime, anywhere with ET ePaper

ePaper - Print View

Read the PDF version of ET newspaper. Download & access it offline anytime.

ePaper - Digital View

Read your daily newspaper in Digital View & get it delivered to your inbox everyday.

Wealth Edition

Manage your money efficiently with this weekly money management guide.

TOI ePaper

Read the PDF version of TOI newspaper. Download & access it offline anytime.

Deep Explainers

Explore the In-depth explanation of complex topics for everyday life decisions.

Health+ Stories

Get fitter with daily health insights committed to your well-being.

Personal Finance+ Stories

Manage your wealth better with in-depth insights & updates on finance.

5Enjoy Complimentary Subscriptions From Top Brands

Stream new documentaries from all across the world every day.

Stories you might be interested in