Capacity Building for First Time Exporters (CBFTE) Scheme launched by PM Modi

Capacity Building for First Time Exporters (CBFTE) Scheme was launched by PM Modi on 30th June, 2022 at Vigyan Bhawan, New Delhi. This scheme focuses on the capacity building of the MSMEs for entering the export market by facilitating their participation in international exhibitions/fairs/conferences/seminar/buyer-seller meets abroad as well as providing them with actionable market-intelligence and reimbursement of various costs involved in export of goods and services. Under CBFTE Scheme, following costs incurred by first time MSE exporters on export shipments shall be reimbursed:

     I.        Reimbursement of RCMC Fees paid by the first-time exporters for registration with EPCs. So far, 19 EPCs have agreed to sign Memorandum of Understanding with the Ministry.

   II.        Reimbursement of export insurance premium is provided by Export Credit Guarantee Corporation (ECGC)

 III.        Reimbursement of fee paid on Testing & Quality Certification for export products

Soruce: https://pib.gov.in/PressReleasePage.aspx?PRID=1837694