ECONOMY
Government steps in with Rs 497-cr RELIEF to aid exporters amid Gulf war disruption
- IBJ Bureau
- Mar 20, 2026
The government has rolled out the RELIEF (Resilience and Logistics Intervention for Export Facilitation) scheme with an outlay of Rs 497 crore.
The scheme provides relief to exporters facing disruptions due to the ongoing West Asia conflict.
The scheme, with the Export Credit Guarantee Corporation of India (ECGC) as the implementing agency, includes automatic extension of export obligations, logistical support and potential financial measures to manage shipping delays and higher freight and insurance costs, according to a Commerce Ministry release.
The intervention is aimed at supporting Indian exporters affected by extraordinary escalation of freight rates, heightened insurance premiums and war-related export risks arising from disruptions in the Gulf and wider West Asia maritime corridor.
Speaking to reporters, Commerce Secretary Rajesh Agarwal has said: “We are announcing a new scheme under the Export Promotion Mission, especially focused upon exporters exposed to these 17-18 geographies which have been impacted by the conflict to assuage some of the challenges that our exporters are facing.”
“There have been instances where the exports which were meant for some of the countries in the Middle East have not been able to reach their destinations. The future exports are also getting impacted. There is a sense of worry in exporters, especially among those who have exposure to the Middle East markets,” Mr Agrawal has added.
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