SFURTI Scheme

Why in news?

• Ministry of MSME conducts regular assessment of the functional SFURTI clusters in respect of their profitability and marketability through during various review meetings, visits to clusters and 3rd party evaluation.

SFURTI Scheme:

• SFURTI is a Scheme of Fund for Regeneration of Traditional Industries.
• Ministry of MSME has 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 and Coir Board - for Coir based clusters
• As per the revised guidelines, the following schemes are being merged into SFURTI:
  • The Scheme for Enhancing Productivity and Competitiveness of Khadi Industry and Artisans
  • The Scheme for Product Development, Design Intervention and Packaging (PRODIP)
  • The Scheme for Rural Industries Service Center (RISC) and
  • Other small interventions like Ready Warp Units, Ready to Wear Mission, etc.

Objectives:

• To organize the traditional industries and artisans into clusters to make them competitive and provide support for their long term sustainability and economy of scale
• 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 equipment for artisans to promote optimum utilization of infrastructure facilities

PRACTICE QUESTION

SFURTI Scheme is implemented by which of the following ministry?

(a) Ministry of textiles

(b) Ministry of skill development and entrepreneurship

(c) Ministry of Finance

(d) Ministry of MSME

Answer