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Artisan-based SFURTI Clusters inaugurated 

  • IASbaba
  • February 25, 2021
  • 0
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Artisan-based SFURTI Clusters inaugurated 

Part of: GS Prelims and GS – III – Economy

In news

  • 50 artisan-based SFURTI clusters, spread over 18 States were recently inaugurated.
  • Ministry: Ministry of MSME
  • Artisans shall be supported in the traditional segments of muslin, khadi, coir, handlooms, woodcraft, pottery, carpet weaving, agro-processing, etc.

Important value additions 

  • Objective of Scheme of Fund for Regeneration of Traditional Industries (SFURTI): To organize traditional industries and artisans into clusters to make them competitive and increase their income.
  • SFURTI clusters are of two types:
    1. Regular Cluster (500 artisans) with Government assistance of up to Rs.2.5 crore 
    2. Major Cluster (more than 500 artisans) with Government assistance up to Rs.5 crore
  • The artisans are organized into SPVs which can be:
    1. a Society registered under Societies (Registration) Act, 1860,
    2. a Co-operative Society under an appropriate statute,
    3. a Producer Company under Section 465 (1) of Companies Act, 2013 (18 of 2013),
    4. a Section 8 Company under the Companies Act, 2013 (18 of 2013) or (v) a Trust.

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