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A Scheme of Fund for Regeneration of Traditional Industries by Ministry of MSME

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A Scheme of Fund for Regeneration of Traditional Industries by Ministry of MSME

Promoting cluster development

Ministry of MSME has launched this scheme in the year 2005 with the view to promote Cluster development.
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Impacting the rural economy

Enhancing the marketability of products of the traditional industries and artisans through forming clusters
Guidelines

Improved tools and equipments for artisans

Strengthening the cluster governance systems with the active participation of the stakeholders, and to build up innovated and traditional skills, improved technologies, advanced processes, market intelligence and new models of public-private partnerships
Stakeholders

SFURTI | 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.

Traditional industries have been broadly categorized as under

Khadi Industries

Khadi Industries

Village Industries

Village Industries

Coir Industries

Coir Industries

OBJECTIVE

The objectives of the scheme are
  • To organize the traditional industries and artisans into clusters to make them competitive and provide support for their long term sustainability, sustained employment, enhance the marketability of products of such clusters.
  • To equip traditional artisans of the associated clusters with the improved skills
  • To make provision for common facilities and improved tools and equipments for artisans
  • To strengthen the cluster governance systems with the active participation of the stakeholders
  • To build up innovated and traditional skills, improved technologies, advanced processes, market intelligence and new models of public-private partnerships, so as to gradually replicate similar models of cluster-based regenerated traditional
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Our Influence

Skill Upgradation

Skill Upgradation

Creating long term impact, aligned to the manpower needs of the traditional industries.
Introduction of modern technologies

Introduction of modern technologies

Setting up more Common Facility Centres to facilitate cluster-based development that would make the traditional industries more productive, profitable and capable for generating sustained employment opportunities
Employment Generation

Employment Generation

SMEs can become more productive in a cluster where there are common facilities, training, and better opportunity to market.

Impact so far

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Beneficiaries Impacted
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Villages Impacted

Project Interventions

Soft Interventions
  • General awareness
  • Counselling
  • Motivation and trust building
  • Skill Development and capacity building
  • Institution development
  • Exposure visits
  • Markets promotion initiatives
  • Design and product development
  • Participation in workshops, seminars and training programmes on technology up-gradation

Financial Assistance

The financial support granted for any project shall be a maximum of Rs. 8 Crore.

  • For heritage clusters (1000-2500 artisans), a budget limit of Rs. 8 crores would be provided.
  • For significant clusters (500-1000 artisans), a budget limit of Rs. 3 crore would be provided.
  • For a mini cluster (upto 500 artisans), a budget limit of Rs. 1.50 crore would be the budget limit.
  • For NER/ Jammu and Kashmir and Hill States, there will be a 50% reduction in the number of artisans per cluster.

Our Team

Sh. Samarendra Sahu
Sh. Samarendra SahuAdvisor
Niranjana Ratha
Niranjana RathaConsultant
Adyasha Mohanty
Adyasha MohantyCluster Network Associate
Tuna Rout
Tuna RoutSr. Cluster Network Manager
Srinita Mishra
Srinita MishraCluster Network Associate
Anshik Hota
Anshik HotaCluster Network Manager