SFURTI is a Scheme of Fund for Regeneration of Traditional Industries. The Ministry of MSME launched this scheme in the year 2005 with the view to promote Cluster development. KVIC is the nodal Agency for promotion of Cluster development for Khadi as well as for V.I. products. As on date, a no. of 76 Clusters have come up as per the scheme and many of these clusters have been completed. The Revamped SFURTI Cluster will intensify the sustainability of the programme beyond the project period through creation of Special Purpose Vehicle (SPV) or deemed SPV. Further, the revamped guideline has added many new features for all round development of SFURTI clusters.
Overview of Revamped Scheme of Fund for Regeneration of Traditional Industries
|Name||Revamped Scheme of Fund for Regeneration of Traditional Industries|
|Also known as||SFURTI|
|Launched by||Government of India|
|Nodal Ministry||Ministry of MSME|
|Objective||To organize the traditional industries|
|Sector||Central sector scheme|
Objective and Benefits of Revamped Scheme of Fund for Regeneration of Traditional Industries
•To organize the traditional industries and artisans into clusters to make them competitive and provide support for their long term sustainability.
•To provide sustained employment for traditional Industry artisans and rural entrepreneurs.
•To enhance marketability of products of such clusters by providing support for new products, design intervention and improved packaging and also the improvement of marketing Infrastructure.
How to apply for Revamped Scheme of Fund for Regeneration of Traditional Industries
Traditional industries of India