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:
Regular Cluster (500 artisans) with Government assistance of up to Rs.2.5 crore
Major Cluster (more than 500 artisans) with Government assistance up to Rs.5 crore
The artisans are organized into SPVs which can be:
a Society registered under Societies (Registration) Act, 1860,
a Co-operative Society under an appropriate statute,
a Producer Company under Section 465 (1) of Companies Act, 2013 (18 of 2013),
a Section 8 Company under the Companies Act, 2013 (18 of 2013) or (v) a Trust.
