The scheme Capacity Building of First Time MSE Exporters (CBFTE) — a subcomponent of the International Cooperation Scheme–– primarily focuses on making micro and small enterprises (MSEs) globally competitive and strengthening their access to export markets. Under the scheme, the costs incurred by first-time MSE exporters on export shipments are reimbursed. The costs include registration-cum-membership certificate charges paid for registration with export promotion councils (EPCs), export insurance premium, and the fee paid to get the testing and quality certification to export products.
Support Limit
The scheme disburses 75 per cent of the cost paid for registration-cum-membership certificate (RCMC) charges, subject to a maximum of Rs 20,000 or actual, whichever is lower. For export insurance premium, maximum financial assistance offered in a financial year is Rs 10,000 or actual, whichever is lower, and 75 per cent of the testing and quality certification with a ceiling of Rs 1 lakh or actual, whichever is lower, is reimbursed.
The financial assistance, however, is provided for up to three certificates per financial year with a ceiling of Rs 1 lakh per MSE unit. Moreover, the certificate, for which financial assistance is sought, has to be attained within the same financial year, according to the scheme’s details.
Eligibility
Only micro and small enterprises registered with the government’s Udyam portal can apply under the scheme. Also, the applicant’s Importer Exporter Code (IEC) should not be older than three years on the date of export shipment.
The applicant can apply for the scheme through an online application along with relevant documents and share details of expenditure on the scheme’s portal ic.msme.gov.in. Before applying for the scheme, the new user is required to register on the website.
After login, the applicant has to take multiple actions on the scheme’s dashboard following which the admissible financial support is calculated and shared.
Documents required
For getting RCMC, IEC code not more than three years old on the date of export shipment, RCMC fee receipt and proof of export in the same financial year for which RCMC is claimed are required. Likewise for export insurance premium, IEC code, receipt of insurance premium, and proof of export in the same financial year for which insurance is claimed, are documents needed for Export Insurance Premium.
For testing and quality certification, IEC code, proof of export shipment of product for which testing & quality certification is required, proof of mandatory requirement of testing and quality certification for export, and self-certification by MSE that it has not availed benefits under the Market Access Initiative scheme of the Department of Commerce for the same reason.
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