The notification introduces a time-limited support scheme titled RELIEF (Resilience & Logistics Intervention for Export Facilitation) under the Export Promotion Mission. It comprises three components i.e. enhanced export credit risk coverage for existing ECGC insured exporters (up to 100% loss cover), incentivized ECGC insurance for new shipments (up to 95% loss cover), and reimbursement of up to 50% of additional freight and insurance costs for non-ECGC insured MSME exporters.
