Scheme of Fund for Regeneration of Traditional Industries

  • It has been launched by the Ministry of Micro, Small & Medium Enterprises.
  • The Khadi and Village Industries Commission (KVIC) is implementing this scheme.
    The main objective of the SFURTI scheme is to organize the traditional industries and artisans into clusters:
  1. To make them competitive, and provide support for their long-term sustainability,
  2. To provide sustained employment for traditional industry artisans & rural entrepreneurs, 
  3. To enhance marketability of products etc.
  • The scheme provides support in the form of two interventions viz. Hard Interventions and Soft Interventions. 
  • Hard Interventions include creation of Common Facility Centres (CFCs), Raw material banks (RMBs), Up-gradation of production infrastructure, etc.
  • Soft Interventions include counselling, trust building, skill development and capacity building etc. 
  • The scheme was revised in 2017-18. Under the revised scheme, two types of clusters are set up.
  • The maximum financial assistance provided is Rs. 2.50 crore for a Regular Cluster (upto 500 artisans) and Rs. 5.00 crore for a Major Cluster (more than 500 artisans).

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.