NIFA - National Institute of Finance And Accounts 12 Years of Education
 
     
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Q1.
What is NIFA ?
Ans.
NIFA stands for National Institute of Finance and Accounts.  NIFA is actually dealing with “Computerized Accounts and Finance Training”, which includes Banking, Payroll & Investments, Taxation, ROC & Excise, Industrywise Accounting etc.
Q2.
What is NIFA Franchising ?
Ans.
NIFA Franchise is an opportunity that equips its Franchisees with a Proven business model, State-of-the-art infrastructure and continuous support to operate successful  Finance &  Accounts training center.
Q2.5
Is it a National Level Institute ?
Ans.
Of Course, yes. We are present in lot of places in India and are on a path to mark our presence in every nook and corner of the Country. We have Company owned RegionalOffices being set up in almost all major state capitals of the country.
Q3.
What services does a NIFA  Franchise typically provide?
Ans.
All NIFA  locations offer multiple services at the best prices available. NIFA  locations are staffed with experts who not only know how to  efficiently  teach , but can also advise  others on their different  needs.
Q4.
What kind of   experience is needed to run  a  NIFA Franchise location Centre?
Ans.
Not  much ,  just   basic   common  man   experience & intelligence,  backed  up  with  a  strong  desire  to GROW. Our  Team  &  efficient   Support  system is  there  to  guide  & support you  all the  Way…..
Q5.
What kind of business experience is needed to operate this Franchise?
Ans.
Business experience is helpful; particularly hands-on experience in Sales, Retail, Marketing, Customer Service, Operations, Management, Accounting and Finance.
Q6.
What is the background of NIFA ?
Ans.
NIFA has been promoted by M/S Systech Infocomp Services (P) Ltd , which is a Company incorporated in the year 1996 , under the Companies Act , Governement of India , 1956 . It has been promoted by a group of Professional Accountant (C.A./C.S./ICWA) who have the experience of more than a decade . We entered the arena of providing Vocational Educatio to the masses around 10 years back and can boast today of being a reputed complete Computerized Accounts and Finance Training Institute.
Q7.
What kind of Affiliations do you have ?
Ans.
We do not have any kinds of Affiliations save apart from ISO 9001 : 2000 certified by an International body for Qualitative Education and Services offering .
Q8.
Who are the promoters of NIFA ?
Ans.
NIFA is being promoted by Mr. Deepak Jalan who is the Managing Director of the Company. He is a technocrat and has an experience of around more than 10 years in the field of Education and Training .He is ably assisted by Mr. Kailash Jalan , who is an FCA ( Fellow of Chartered Accountants of India ) and is into CA practice for more than a decade now. As a CA ( Chartered Accountant ) and an Honorary Consultant to NIFA , he is the man behind the strong R and D team of NIFA .
Q9.
What type of customer does NIFA  serve?
Ans.
NIFA  training centers are for  people who are  enthusiasts of all ages and ability levels. Our clientele cut across all age and demographic groups throughout  India . Entrepreneurs , Businessmen , Accounting  Professionals,  Trainers ,  Officials  and youths  are a major focus of our Franchisees.
Q10.
What competition exists in this industry?
Ans.
This is a relatively fast  growing  business opportunity   that is experiencing rapid growth throughout India  .The NIFA  brand includes a  lot  of   practice facilities, professional instruction and On Job Training  all under one roof. NIFA  is growing rapidly  offers its new franchisees a proven plan to become successful in this industry.
Q11.
What is the initial Franchise Fee for this opportunity ?
Ans.
Upon receiving an offer to join the NIFA  team, you will return the signed Franchise Agreement along with a  Rs. 4.5 L initial Franchise Fee. At that point, you have officially joined the team. You will have to the company intranet site,  In the  NIFA Franchisee Model  you will begin to learn the business months before you open your doors. Other team members Management, Founders, BDM’s,  AM’s and other Franchise owners will help guide you on a  regular  basis.
Q12.
What is the typical overall investment to start an NIFA  Franchise location?
Ans.
Rs.8 – 10 L. Consider this a range of what you may invest in opening a Center. Please note that this is a broad range because of the many different sizes and types of facility that you may want to develop. For instance, a min of 2500 SqFt.. area , with properly constructed surroundings & rooms.
Q13.
What do Franchisees pay for monthly Royalties?
Ans.
All NIFA  franchisees pay the Ffranchise Company a monthly  Royalty.  This is a flat rate  of  20 %  per month beginning from the day, you open your business. Your monthly Royalties are a fixed cost that pay for your continued access to the resources, infrastructure and support network we have developed to help you run a vibrant business. All Franchisees receive a  discount on these royalties for the first six months of operation.
Q14.
Are there any additional monthly fees?
Ans.
The NIFA  team enjoys the latest in support technology and web services.  You are to additionally  pay for the  Courseware  Indents  and  Marketing  material  & any other  EXTRA  facilities.
Franchisees also pay an  estimated   fee into  Joint   advertising , that is used strictly for Advertising and Marketing purposes.
Q15.
What kind of  Course  Material  will I get as part of the  Indent ?
Ans.
You will get books of each & every module . The books are developed by NIFA-R & D team . Our R&D team incorporates in itself the Masters of the field of Accounts & finance i.e - CA's, CS, ICWAI & otherprofessionals.
Q16.
What type of operating support does NIFA  provide to its franchisees?
Ans.
All NIFA  franchisees receive unprecedented guidance and support from our Franchise Team starting the day you join the team and continuing throughout the lifetime of your Franchise Agreement. The SUPPORT  SYSTEM  ranges  from  Startup Support  to  Promotional Support ,  Acadamic Support ,    Operational  Support  and   to Placement Support.
Q17.
What  kind  of  Quality  Certification  have  you  got. ?
Ans.
This  Course at  NIFA  is ISO 9001 :2000 Certified.
Q18.
As ISO is a very common certification these days, then do you think it is adequate to run the course  for Certification. Don't you need any affiliation with any Universities?
Ans.
Any university does/could not run this type of course as they could not Tie up with the software Companies as we have done. They could not upgrade the course so frequently as per the market demand. They could not repeat the classes as frequently as we do .They can not have back to back Placement tie ups with the Companies for providing you jobs . At NIFA , we are making you job ready from the first day when you will go into the market after completion of the Course.
Q19.
Who certifies that the Staff / Faculties recruited are right for the training purposes?
Ans.
At RO/HO level , we try our level best to recruit and train the best faculties available . By continuously examining them and providing them with the best trainings , we take proper care that the faculties are continuously upgraded.
Q20.
Is there any training program scheduled for the Staff  ?
Ans.
Yes we have a Quarterly Training Calendar being made in advance for the Faculty Training . The faculties are always trained for the upcoming and new Software’s already present in the  market.
Q21.
What are the Franchise's  Online  Internet capabilities?
Ans.
NIFA  provides its Franchisees with a full State  for  Art  Web  based   ERP   System   for  Day  to  day  center  transactions & documentations. All Franchise will  have  access to  the  NIFA  Website  ,  Franchisee  Website,  Placement  Website.  Franchisees are also provided with a dynamic email  system that enables them to  communicate  in a  fast  and  most cost-effective manner available.
 
     
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