revamped-scheme-of-fund-for-regeneration-of-traditional-industries-sfurti

 

Revamped Scheme of Fund for Regeneration of Traditional Industries (SFURTI) 






 

Objectives 

  • To organize the traditional industries and artisans into clusters in order 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;
  • To equip traditional artisans of the associated clusters with the improved skills and capabilities through training and exposure visits;
  • To make provision for common facilities and improved tools and equipments for artisans;
  • To strengthen the cluster governance systems with the active participation of the stakeholders, so that they are able to gauge the emerging challenges and opportunities and respond to them in a coherent manner;
  • To build up innovative and traditional skills, improved technologies, advanced processes, market intelligence and new models of public-private partnerships, so as to gradually replicate similar models of cluster- based regenerated traditional industries.




 

Nature of assistance

  • The Scheme would cover three types of interventions namely:'Soft Interventions', 'Hard Interventions' and 'Thematic Interventions'. 
  • The project outlay for various clusters is as follows: 
  • Heritage cluster (1000-2500 artisans *): ₹ 8 cr; 
  • Major cluster (500-1000 artisans *): ₹ 3 cr; 
  • Mini cluster (Up to 500 artisans*): ₹ 1.5 cr.
  • *For NER/ J&k and Hill States, there will be 50% reduction in the number of artisans per cluster.
  • Soft Interventions: A maximum ceiling of ₹ 25.00 lakhs (100% scheme funding)
  • Hard Interventions: As per project requirement (75% scheme funding)
  • Cost of Technical Agency is calculated at 8 % of Soft and Hard Interventions (100% scheme funding). 
  • Cost of Implementing Agency/ Cluster Executive is fixed at a ceiling of ₹ 20.00 lakhs (100% scheme funding).

Who can apply?

Non-Government Organizations (NGOs), Institutions of the Central and State Governments and, Semi-Government institutions, field functionaries of State and Central Govt., Panchayati Raj institutions (PRIs), and similar agencies, with suitable expertise to undertake cluster development.