MSME Ministry gave nod to 41 bamboo clusters worth Rs 98.64 cr since 2014

New Delhi, Mar 25 (KNN) The MSME Ministry has approved 41 bamboo clusters since FY14-15 till now through a financial assistance of Rs 98.64 crore.

It has benefitted about 9197 artisans, informed Minister of State for MSME, Bhanu Pratap Singh Verma in a written reply to the Lok Sabha.

In FY20-21 under the Prime Minister’s Employment Generation Programme (PMEGP) 309 units have been assisted with Rs 461.68 lakh disbursed as margin money subsidy.

PMEGP helps in setting up of micro-enterprises in the non-farm sector including under Bamboo industry.

The number of bamboo units assisted has increased every year since FY2018-19, seeing an addition of 81 units.

Similarly the margin money subsidy disbursement has also improved which shot up from Rs 282.17 lakh to Rs 461.68 lakh in a span of 4 years.

Under the Scheme of Fund for Regeneration of Traditional Industries (SFURTI, financial assistance of up to Rs 2.5 crore is given to 'Regular Clusters' having up to 500 artisans, and up to Rs 5 crore to 'Major Clusters' having more than 500 artisans.

Major sectors supported under SFURTI are Bamboo, Honey, Textiles, Agro Processing, Handicraft, Khadi, Coir, etc.  (KNN Bureau)