Government Launches RELIEF Scheme 2026 to Insulate Exporters from Geopolitical Tensions
The scheme offers up to 95% risk coverage for upcoming exports and 100% coverage for shipments already insured under the ECGC between Feb and March 2026.
Exporters from the MSME sector without ECGC insurance are eligible for up to 50% reimbursement, capped at ₹50 lakh per exporter.
Perspective: This time-bound emergency intervention aims to protect the export supply chain from rising freight costs and logistics delays near the Strait of Hormuz.
Key Facts / Static GK
Implementing Agency: ECGC Limited
Strait of Hormuz Connectivity: Persian Gulf and Gulf of Oman
Practice Quiz — 15 June 2026
Q1. Which of the following statements regarding the RELIEF Scheme 2026 is correct?
Q2. At which of the following venues was the first edition of the 'Bharat Innovates 2026' event inaugurated, where the ATL Bridge was launched?
Q3. What is the new verified viewership benchmark established by the Ministry of Ayush to claim the Guinness World Record for the most viewed live yoga stream?
Q4. Which of the following regional festivals is primarily celebrated in Odisha to welcome the monsoon and pay tribute to the fertility of Mother Earth?
Q5. With reference to the recent initiative by the Ministry of Rural Development, consider the following statements: 1. 700 SHE-MARTs and 1,000 District Fulfilment Centres are to be established. 2. The initiative is being implemented under the DAY-NRLM framework. 3. The e-SARAS Portal will be revamped into a Multi-Vendor Marketplace. Which of the statements given above are correct?
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