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Scheme of Fund for Regeneration of Traditional Industries with modified norms

Updated: Aug 02, 2014 02:59:30pm
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New Delhi, Aug 2 (KNN) The Government has approved the revamped Scheme of Fund for Regeneration of Traditional Industries (SFURTI) with modified norms for continuation during the XII Plan (2012-17), under which there will be three types of clusters involving artisans from 500 to 2500. In the first phase, 71 clusters will be developed across the country involving an outlay of Rs 149.44 crores.
 
“SFURTI Scheme launched in 2005-06 for making Traditional Industries more productive and competitive by organizing the Traditional Industries and artisans into clusters has been revamped,” Ministry of MSME said in a release.
 
"Initially, in the first phase, 71 clusters will be developed across the country involving an outlay of Rs 149.44 crores.  Under the 12th Five Year Plan it is proposed to take up 800 clusters with funding from the Government of India and Asian Development Bank," the release added.
 
Under the revamped SFURTI, there shall be three types of clusters involving artisans from 500 to 2500, the Ministry said.

The three types of clusters in the modified scheme are Heritage (having 1,000 to 2,500 artisans); Major cluster (500-1,000 artisans) and Mini clusters having upto 500 artisans. The time frame for the implementation of the project for each cluster will be three years and the funding pattern under the scheme has provision for soft interventions including skill training, capacity building, design development, etc. 

The time frame for the implementation of the project for each cluster will be three years.

Besides, it also has provision for skill training, capacity building, hard interventions including Common Facility Centres, Raw Material Banks (RMB), training centres and cross cutting thematic interventions which include brand building & promotion, news media marketing, e-commerce, innovation, R&D initiatives and developing linkages between clusters. 


In addition to Khadi and Village Industries Commission and Coir Board as Nodal Agencies for Khadi and VI clusters and coir based clusters respectively, the revamped SFURTI also provides for engagement of reputed national/ regional level institutions with sectoral expertise in the major sub-sectors of the traditional industries, as Nodal Agency.  
 
The scheme also provides for engaging the services of reputed national/ regional level institutions with proven expertise in artisanal and small enterprise cluster developments as Technical Agencies to provide handholding and implementation support to the SFURTI clusters. (KNN/SD)

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