Pariksha SaathiRELIEF export support under the Export Promotion Mission extended till 31 March 2027
The Department of Commerce has extended the timelines under Component II of RELIEF (Resilience & Logistics Intervention for Export Facilitation), a time-bound intervention under the Export Promotion Mission, until 31 March 2027, by Notification No. 37/2026-27 dated 30 September 2026, in view of continued geopolitical disruptions in West Asia, the Ministry of Commerce and Industry said on 26 October 2026. Component II encourages exporters to take Export Credit Guarantee Corporation of India (ECGC) cover for shipments to specified regions by providing 95 per cent risk coverage, for policies taken on or after 16 March 2026. RELIEF was launched on 19 March 2026 to help exporters facing higher freight costs, insurance premia and war-related risks in the Gulf and the wider West Asian maritime corridor.
Drafted with AI assistance from the official PIB release linked above and checked against it by a second AI pass. Not line-edited by a human.
Learning context
The Union Cabinet approved the Export Promotion Mission (EPM), announced in the Union Budget 2025-26, on 12 November 2025 with an outlay of Rs 25,060 crore for FY 2025-26 to FY 2030-31. It works through two sub-schemes: Niryat Protsahan, for affordable trade finance for MSMEs, and Niryat Disha, for non-financial support such as quality compliance, branding, trade fairs and logistics. The Directorate General of Foreign Trade (DGFT) is the implementing agency.
Check yourself: what are the two sub-schemes of the Export Promotion Mission, and which body implements it?
Niryat Protsahan and Niryat Disha; the Directorate General of Foreign Trade (DGFT).
Revision task: from this release, note what RELIEF stands for, the extended deadline, the risk coverage under Component II and when RELIEF was launched; from the note, the EPM's outlay and period, its two sub-schemes and its implementing agency.
Test yourself
Component II of RELIEF, extended till 31 March 2027, encourages exporters to take ECGC cover for shipments to specified regions by providing what level of risk coverage?
Show the answer
Answer: 95 per cent
Component II of RELIEF, a time-bound intervention under the Export Promotion Mission, provides 95 per cent risk coverage to encourage exporters to obtain ECGC cover for upcoming shipments to specified regions; it applies to Standalone and Whole Turnover Policies obtained on or after 16 March 2026.
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