Department of Commerce Extends RELIEF Initiative under Export Promotion Mission Until March 31, 2027
Reported by Press Information Bureau (English releases), not nibnow. We are not the publisher of this story, only the source is.
The extension of the RELIEF initiative gives Indian exporters continued protection against rising freight costs and insurance premiums caused by ongoing geopolitical disruptions in West Asia, helping them maintain export competitiveness.
The Department of Commerce has officially prolonged the operational timelines for Component II of the RELIEF initiative under the broader Export Promotion Mission. This extension applies until March 31, 2027, providing continued support for resilience and logistics enhancements within the trade sector. The decision aims to assist exporters in navigating global market uncertainties, improving supply chain efficiency, and strengthening overall competitiveness by maintaining financial and structural backing for eligible commercial activities and trade infrastructure development.
The Export Promotion Mission (EPM) is a government program that supports Indian exporters, and Component II of RELIEF, administered by the Export Credit Guarantee Corporation of India (ECGC), offers 95 percent risk coverage for shipments to affected regions, shielding exporters from cost spikes.
- •Monitor any further extensions or modifications announced through official notifications
- •Watch for updates on claim submission guidelines or portal changes on the ECGC website
- •Observe the uptake of RELIEF coverage by exporters as the March 2027 deadline approaches