Close Menu
Varta24 Business
    What's Hot

    Compliance Made Simple: Govt to Overhaul Companies Law Filing for Greater Ease of Doing Business

    April 17, 2026

    The Great Supply Chain Flip: India Challenges China’s Manufacturing Dominance

    April 17, 2026

    Singapore Leads India’s FDI Surge: $17.6 Billion Inflow Recorded in Apr-Dec FY26

    April 17, 2026
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Varta24 BusinessVarta24 Business
    Subscribe
    • Home
    • Top News
    • Companies
    • Finance
    • Insurance
    • Markets
    • Technology
    • World News
    Varta24 Business
    Home»Insurance»Trade Shield Expanded: Govt Adds Jordan and Egypt to RELIEF Scheme Amid West Asia Crisis
    Insurance

    Trade Shield Expanded: Govt Adds Jordan and Egypt to RELIEF Scheme Amid West Asia Crisis

    Aruna KaimBy Aruna KaimApril 17, 2026No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    In response to the ongoing geopolitical volatility in West Asia, the Government of India has officially expanded the RELIEF (Resilience & Logistics Intervention for Export Facilitation) scheme. This expansion is designed to provide higher insurance coverage and logistics support to Indian exporters navigating the current trade disruptions.

    Key Expansion Details (April 17, 2026)

    The Ministry of Commerce and Industry has added Egypt and Jordan to the list of eligible destinations under the RELIEF framework. This move extends support across a broader corridor of the West Asia and North Africa (WANA) region.

    • Total Outlay: The scheme maintains its initial financial backing of ₹497 crore.

    • Clarification on Eligibility: A new policy circular clarified that exporters obtaining a fresh ECGC Whole Turnover Policy on or after March 16, 2026, are now eligible for support under the scheme’s insurance component.

    • Purpose: To mitigate the impact of “extraordinary freight escalation” and “heightened insurance premia” caused by maritime disruptions in the Gulf and the Strait of Hormuz.

    Overview of the RELIEF Scheme

    Initially launched on March 19, 2026, the scheme is implemented through ECGC Ltd. (Export Credit Guarantee Corporation) and is divided into three critical components:

    Component Target Group Coverage/Benefit
    Component I Exporters already insured by ECGC (shipments Feb 14 – March 15, 2026) Up to 100% risk coverage for war and political losses at pre-disruption premium rates.
    Component II Future exports (March 16 – June 15, 2026) Enhanced cover of up to 95% with stable premiums for shipments to the Gulf and newly added nations.
    Component III Non-ECGC-insured MSME exporters Reimbursement of up to 50% of additional freight and insurance surcharges (capped at ₹50 lakh per exporter).

    Strategic Context

    The decision follows the activation of an Inter-Ministerial Group (IMG) on Supply Chain Resilience earlier this year. With global reinsurers withdrawing coverage for conflict-hit corridors, the Indian government has stepped in as a de facto insurer of last resort to prevent order cancellations and protect the market share of Indian goods in the Middle East.

    By adding Jordan and Egypt, the government aims to ensure that trade flows remain resilient even as logistics routes shift and insurance costs for regional transit remain high.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleCashless Ayurveda: AIIA Partners with General Insurance Council for Mainstream Integration
    Next Article Singapore Leads India’s FDI Surge: $17.6 Billion Inflow Recorded in Apr-Dec FY26
    Aruna Kaim

    Related Posts

    Cashless Ayurveda: AIIA Partners with General Insurance Council for Mainstream Integration

    April 17, 2026

    The Claims Paradox: Why Falling Volumes Mask Rising Dangers

    April 14, 2026

    The “Relocation Tax”: How Moving Cities Can Inflate Your Health Insurance Costs

    April 14, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Cashless Ayurveda: AIIA Partners with General Insurance Council for Mainstream Integration

    April 17, 2026

    The Claims Paradox: Why Falling Volumes Mask Rising Dangers

    April 14, 2026

    The “Relocation Tax”: How Moving Cities Can Inflate Your Health Insurance Costs

    April 14, 2026
    Advertisement
    Demo

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube
    Recend Posts
    • Compliance Made Simple: Govt to Overhaul Companies Law Filing for Greater Ease of Doing Business
    • The Great Supply Chain Flip: India Challenges China’s Manufacturing Dominance
    • Singapore Leads India’s FDI Surge: $17.6 Billion Inflow Recorded in Apr-Dec FY26
    • Trade Shield Expanded: Govt Adds Jordan and Egypt to RELIEF Scheme Amid West Asia Crisis
    • Cashless Ayurveda: AIIA Partners with General Insurance Council for Mainstream Integration
    Contact Us

    Varta24 Business
    India International Centre
    40, Max Mueller Marg
    Lodhi Estate, New Delhi-110003
    Email.varta24live@gmail.com

    © 2026 Varta24 Media, Designed by Social Fox.
    • Home
    • Markets
    • Stocks
    • Funds
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.