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National Policy Economy & Banking

Commerce Department extends operational timelines of the RELIEF intervention for exporters

The Department of Commerce has extended the operational timelines of Component II of the RELIEF intervention through Notification No. 37/2026-27 dated 30 September 2026.
RELIEF stands for Resilience and Logistics Intervention for Export Facilitation.
It was launched on 19 March 2026 and operates under the Export Promotion Mission framework.
It is a targeted intervention to support Indian exporters affected by extraordinary freight escalation, heightened insurance premia and war-related export risks arising from West Asia maritime disruptions.
Component II provides 95 per cent ECGC risk coverage for shipments to specified regions, for policies obtained on or after 16 March 2026.
It covers Full Container Load, Less than Container Load and Reefer containers, excluding energy shipments, and premium rates shall not be increased beyond the pre-disruption level.
The release is dated 2 October 2026.

Launched on: 19 March 2026 Notification: Notification No. 37/2026-27 dated 30 September 2026 ECGC risk coverage: 95% Policies covered: obtained on or after 16 March 2026
Why it matters for exams: RELIEF links trade policy, the Export Promotion Mission and ECGC credit insurance in a single scheme question.
UPSCBank
2 October 2026 Source: Press Information Bureau

In plain words

ECGC Export Credit Guarantee Corporation of India — A state-owned company that insures Indian exporters against payment and shipment risks.

Reefer container Refrigerated container — A temperature-controlled shipping container used for perishable cargo.

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