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SFURTI means Scheme of Fund for Regeneration of Traditional Industries. MSME, Govt. of India launched this scheme in 2005 to promote cluster development. Various other schemes have been merged into SFURTI scheme since its inception. In this article, we shall discuss more about this scheme.
The objectives of this scheme are as follows:
The target sectors and potential beneficiaries are:
The clusters selection is based on their geographical concentration, which has to be around 500 beneficiary families of artisans/micro enterprises, raw materials suppliers, traders, service providers etc., which is situated within one or two revenue sub-divisions in a district.
The potential for growth in production and employment opportunities generation will be considered in selecting clusters under the SFURTI scheme. The geographical distribution of clusters in the country, with minimum of 10% in the NE region, shall be kept in view while selecting clusters.
These entities may apply for this scheme:
The financial support for any project will be a maximum of 8 crore rupees:
The implementing agencies would include NGOs, institutions of the Central & State Governments & Semi-Govt. Institutions, field functionaries of the state and Central Govt, Panchayati Raj Institutions etc., with proper expertise to undertake cluster development.
One IA would be assigned for one cluster unless it’s an agency with statewide coverage. The selection of them would be based on the regional reputation and experience of working at the grass-root levels, shall be made by the Nodal Agencies, considering the transparent criteria.
The Scheme of Fund for Regeneration of Traditional Industries or the SFURTI Scheme was launched by the MSME, Govt. of India in 2005 to promote cluster development. Various other schemes have been merged into this scheme since its inception.
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