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

  • 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:
  • to make them competitive, and provide support for their long-term sustainability, 
  • to provide sustained employment for traditional industry artisans & rural entrepreneurs,  
  • 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).