Understanding the Niryat Bandhu Scheme for Exporters

The question asks to identify a specific scheme defined under the Foreign Trade Policy (FTP) and implemented by the Director General of Foreign Trade (DGFT). This scheme's primary objective is to support new and potential exporters. The support includes mentorship, counselling, training, and outreach programs designed to educate them on the complexities of international trade and encourage their participation.

Let's examine the options provided:

• Niryat Bharat Scheme: This is not a recognized scheme under the Foreign Trade Policy with the described objective.
• Niryat Bandhu Scheme: This scheme was specifically launched by the DGFT under the Foreign Trade Policy precisely for the purpose of mentoring first-time exporters. The name itself, "Niryat Bandhu," translates roughly to "Export Friend," reflecting its role as a guide.
• Niryat Benefit Scheme: While there are schemes offering benefits to exporters, this specific name is not used for the mentorship program.
• Niryat Border Scheme: This name does not correspond to any scheme aimed at mentoring new exporters under the Foreign Trade Policy.

Based on the stated aim in the question — "mentor new and potential exporters on the intricacies of foreign trade through counselling, training and outreach programmes" — the scheme that perfectly matches this description is the Niryat Bandhu Scheme.

The Niryat Bandhu Scheme provides targeted guidance and support to individuals and businesses looking to enter the export market. It simplifies the process and makes international trade more accessible for new entrants by providing essential knowledge and resources.

Key Features of the Niryat Bandhu Scheme

• Focuses on mentoring first-time exporters.
• Offers counselling on various aspects of foreign trade.
• Conducts training programs to build capacity.
• Organizes outreach activities to reach potential exporters.
• Aims to demystify the complexities of international trade.

Why Niryat Bandhu Scheme Fits

The description in the question directly aligns with the objectives and activities of the Niryat Bandhu Scheme. The scheme is designed as a guiding hand ('Bandhu') for those new to 'Niryat' (export), helping them navigate the process effectively.

Therefore, the scheme defined under the Foreign Trade Policy (FTP), implemented by Director General of Foreign Trade (DGFT) with the main aim to “mentor new and potential exporters on the intricacies of foreign trade through counselling, training and outreach programmes” is the Niryat Bandhu Scheme.

Revision Table: Foreign Trade Schemes

Additional Information: Foreign Trade Policy and DGFT

The Foreign Trade Policy (FTP) is a set of guidelines and instructions established by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce & Industry, Government of India. It outlines the framework for promoting exports and imports, aiming to boost India's international trade.

• Director General of Foreign Trade (DGFT): This is the government body responsible for formulating, implementing, and interpreting the Foreign Trade Policy. It provides a legal framework and procedural guidelines for exporters and importers.
• Foreign Trade Policy (FTP): The FTP is announced periodically (typically every five years, though subject to change) and provides schemes and incentives to support various aspects of foreign trade, including market access, export promotion, and capacity building. The Niryat Bandhu Scheme is an important initiative under the FTP focused on human resource development in the export sector.

Understanding the role of DGFT and the structure of the FTP helps in recognizing the specific objectives of programs like the Niryat Bandhu Scheme which are designed to achieve the broader goals of boosting India's exports.