Artisan-based SFURTI Clusters inaugurated 

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. 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. 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.

Related articles:

• Guidelines to Support Artisans in Beekeeping & Pottery Activities