Fifty SFURTI clusters inaugurated in 18 states
Union Minister for MSME & Road Transport & Highways Nitin Gadkari inaugurated 50 artisan-based SFURTI clusters, spread over 18 states on 22 February 2021.
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In the 50 clusters inaugurated, over 42,000 artisans have been supported in the traditional segments of muslin, khadi, coir, handicraft, handlooms, wood craft, leather, pottery, carpet weaving, bamboo, agro processing, tea, etc.
The Ministry of MSME has funded an amount of around Rs.85 crore for development of these 50 clusters.
The Ministry of MSME is implementing a Scheme of Fund for Regeneration of Traditional Industries (SFURTI) with a view to organize traditional industries and artisans into clusters to make them competitive and increase their income.
SFURTI clusters are of two types i.e.,
- Regular Cluster (500 artisans) with Government assistance of up to Rs.2.5 crore and
- 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.