The Scheme of Fund for Regeneration of Traditional Industries (SFURTI) was launched in 2005-06 for the purpose of enabling traditional industries to be more productive and keep at par with the competitiveness.
This was to be achieved by systematic organization of traditional industries and artisans into clusters, which, as an approach, has lately been revamped.
Objectives of the scheme SFURTI
SFURTI aims to organize traditional industries and artisans into definite clusters to enable them to survive in a competitive market. It aims to provide support for long-term sustainability which sets the podium for small scale entrepreneurs to grow and achieve the targets they set for themselves.
By organizing traditional artisans and industries, SFURTI aims to enable sustained employment by equipping traditional artisans with improved skills that are crucial to their work in today’s day and age.
There are also definitive plans by SFURTI to enhance the participation of the stakeholders so as to build up an integrated network of innovation and traditional skills working in tandem towards a common goal.
Understanding market intelligence and advanced processes is also a clear agenda on SFURTI’s to-do.
Assistance by SFURTI
The financial assistance by the scheme is subject to a maximum of ₹8 crores to support soft, hard and thematic interventions.
Non-governmental organizations and central, state and Semi-governmental institutions can apply for the benefits. Field functionaries of State and Central Government, Panchayati Raj Institutions can also apply for the benefits offered by SFURTI.
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