How to Benefit from the Niryat Bandhu Scheme: A Comprehensive Overview 2024

Do you dream of taking your Indian business to the global stage? The Niryat Bandhu Scheme, your guiding light, is here to make those aspirations a reality. This free government initiative empowers aspiring exporters and entrepreneurs, equipping them with the knowledge and tools they need to navigate the intricacies of international trade.

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Introduction

The Niryat Bandhu Scheme, implemented by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry, Through counseling, training, and outreach activities, works to guide new and potential exporters on the complexities of overseas commerce. Small businesses can apply for the scheme by registering online on the official website of the DGFT. The scheme offers various training programs, including seminars, meetings, and an Online Certificate Programme on Export Business, to help entrepreneurs improve their export capabilities and boost their international trade. Additionally, the scheme provides valuable knowledge and resources to support small businesses in enhancing their understanding of global trade.

What is the Niryat Bandhu Scheme?

Imagine a handhold into the world of exports. The Niryat Bandhu Scheme, launched by the Directorate General of Foreign Trade (DGFT), becomes your trusted mentor. It provides:

  • Comprehensive training sessions: Learn the ABCs of exports, from understanding trade policies to mastering documentation and logistics.
  • Expert mentorship: Gain valuable insights and guidance from seasoned DGFT officials who walk you through your export journey.
  • Networking opportunities: Connect with fellow exporters, industry experts, and potential buyers, building a valuable network for your business.
  • Resource access: Tap into a wealth of information, tools, and support materials to keep you informed and empowered.

Who Can Benefit from the Niryat Bandhu Scheme?

Aspiring exporters, from fledgling startups to established businesses, can reap the benefits of the scheme. Whether you’re:

  • micro, small, or medium-sized enterprise (MSME) looking to expand your reach.
  • student with entrepreneurial dreams in the export arena.
  • professional seeking a career shift into international trade.

The Niryat Bandhu Scheme welcomes you with open arms and tailored guidance.

What are the components of the Niryat Bandhu scheme?

  1. Program Overview: Coverage and Assessing Export Readiness.
  2. India’s Export History.
  3. Data Classification in the Harmonized System, Market Identification, and Trade Map.
  4. Recognize Market Opportunities.
  5. DGFT, Export Promotion, RA, EPCs, and RCMC; IEC.
  6. International Trade Policy (2015-2020)
  7. Foreign Trade Agreements (FTAs).
  8. Non-tariff barriers number eight.
  9. Business Plan for Export.
  10. Using Incoterms 2010 in Commercial Transactions.
  11. Procedure for Duty Drawback and Claim.
  12. The Impact of GST on the Export Chain.
  13. International payment management (LoC, UCP-600).
  14. Schemes of Export Finance Banks.
  15. Understanding FEMA Guidelines and RBI Master Directions on Export.
  16. Management of currency risk.
  17. Commercial and regulatory documents for export preparation and management
  18. Export Risk Management. The ECGC’s role.
  19. Open Discussion with Government Officers and IIFT Faculty / Academia)

Certification Programme

After completing all of the courses, you are ready to take the final test and get your Certificate of Completion. The examination cost is Rs. 2360/- (including 18% GST) for taking the final examination. You must pay the examination cost online using the link provided.

Official Website of Niryat Bandhu Visit and take advantage of this website.

Also Read | How to Start Exports

Also Read | Incoterms 2020

Also Read | Payment Terms for Exports

FAQs on Niryat Bandhu Scheme

Q: How can I apply for the Niryat Bandhu Scheme?

Ans: Eligible exporters can apply for the scheme through the official website of the Directorate General of Foreign Trade (DGFT). The application process typically involves providing essential details and supporting documents.

Q: Is the Niryat Bandhu Scheme limited to specific industries?

Ans: No, the scheme is open to exporters across various industries. Whether you’re involved in manufacturing, services, or agri-products, you can benefit from the guidance and support offered by Niryat Bandhu.

Q: What kind of training is provided under the scheme?

Ans: The training programs cover a wide range of topics, including export documentation, trade finance, international marketing, and compliance with global quality standards.

Q: How do I enroll in the Niryat Bandhu Scheme?

Ans: The scheme is currently offered through regional offices of the DGFT. Contact your nearest regional office for enrollment details.

Q: What are the training topics covered?

Ans: The comprehensive curriculum includes sessions on export licensing, product identification, market research, documentation procedures, trade finance, and more.

Q: What resources are available?

Ans: The DGFT provides access to online resources, handbooks, and manuals to continue your learning journey.

Conclusion

The Niryat Bandhu Scheme is your launchpad to international trade success. With its targeted training, expert guidance, and extensive support network, it empowers you to overcome challenges, seize opportunities, and build a thriving export business. Take the first step towards your global aspirations – explore the Niryat Bandhu Scheme today and chart your course to export excellence!

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