{"id":31656,"date":"2021-06-09T12:06:18","date_gmt":"2021-06-09T06:36:18","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=31656"},"modified":"2021-06-09T12:06:23","modified_gmt":"2021-06-09T06:36:23","slug":"sfurti-scheme","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/sfurti-scheme\/","title":{"rendered":"SFURTI Scheme: All You Needs to Know"},"content":{"rendered":"\n<p class=\"has-drop-cap\">SFURTI is an acronym of Scheme of Fund for Regeneration of Traditional Industries. The scheme was launched by GOI in 2005 under the patronage of the Ministry of <a href=\"https:\/\/corpbiz.io\/msme-registration\"><strong>MSME<\/strong><\/a> 2005. The primary goal of this scheme is to make traditional industries more profitable as well as competitive. <\/p>\n\n\n\n<p>The traditional industries that have a massive\nskilled and unskilled workers should become economically sustainable&amp;\nproductive. With the SFURTI scheme, the government intends to set up various Common\nFacility Centers to promote job creation. <\/p>\n\n\n\n<p>The prominent sectors for the SFURTI scheme include\nhoney, bamboo, and khadi intending to support rural entrepreneurs as well as rural\nartisans. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/sfurti-scheme\/#What_are_the_Key_Objectives_of_the_SFURTI_scheme\" >What are the Key Objectives of the SFURTI scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/sfurti-scheme\/#Funding_Details_Related_to_SFURTI_Scheme\" >Funding Details Related to SFURTI Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/sfurti-scheme\/#Scheme_interventions_under_SFURTI_Scheme\" >Scheme interventions under SFURTI Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/sfurti-scheme\/#Potential_Applicants_of_the_SFURTI_Scheme\" >Potential Applicants of the SFURTI Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/sfurti-scheme\/#How_to_apply_for_the_SFURTI_Scheme\" >How to apply for the SFURTI Scheme?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/sfurti-scheme\/#Cluster_Selection_Criteria_for_SFURTI_Scheme\" >Cluster Selection Criteria for SFURTI Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/sfurti-scheme\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Key_Objectives_of_the_SFURTI_scheme\"><\/span>What are the Key Objectives of the SFURTI scheme<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>To organize distinct traditional companies as well as local artisans into clusters. The idea is to promote industries and improve the economies of scale. Apart from that, the scheme is also eyeing to increase the competitiveness of the traditional companies. <\/li><li>To create sustainable job opportunities for local artisans who are engaged in traditional companies and also aid rural entrepreneurs.<\/li><li>To focus on the cluster products\u2019 marketing, development of new design as well as product, and better packaging by setting up a growth-driven marketing infrastructure. <\/li><li>To facilitate skill development training to concerned artisans&amp; improve their ability via better training &amp; trips for exposure.<\/li><li>To set up an arrangement for shared facilities and render quality tools to the artisans involved.<\/li><li>To improve cluster governance via proactive participation of various stakeholders. This will improve their ability to counter pressing issues and access emerging opportunities, thereby letting them make informed decisions for the collective good. <\/li><li>To emphasize innovative skills, improved process, new technology, market intelligence, &amp; public-private partnership models that can be copied on identical cluster model based traditional industries.<\/li><li>To look for opportunities to set up a multi-product cluster that embraces an integrated value chain. To leverage a market-based      approach for the sustainability of the cluster and the financial viability of the project in the long term.\u00a0 <\/li><li>To identify potential consumer base for cluster products and comprehend their aspirations, thereby helping in setting up a      production line to met requirements. <\/li><li>To supersede supply-oriented sales models with market-based models and to pay attention to branding, product mix, &amp; pricing for improving sales. <\/li><li>To outline a strategy for selling cluster products via a different online channel and e-commerce portal. <\/li><li>To support &amp; asset in the production design and quality to meet the desired quality standard of products. <\/li><\/ul>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/msme-loan-tips-to-get-it-in-a-hassle-free-way\/\">MSME Loan \u2013 Tips to get it in a hassle-free way <\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Funding_Details_Related_to_SFURTI_Scheme\"><\/span>Funding Details Related to SFURTI Scheme<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The financial aid to be furnished under the said scheme by the GOI, for various projects has been limited to a maximum value which is Rs. 8 crores.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"487\" height=\"184\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/06\/Funding-Details-Related-to-SFURTI-Scheme.png\" alt=\"Funding Details Related to SFURTI Scheme\" class=\"wp-image-31659\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/06\/Funding-Details-Related-to-SFURTI-Scheme.png 487w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/06\/Funding-Details-Related-to-SFURTI-Scheme-300x113.png 300w\" sizes=\"(max-width: 487px) 100vw, 487px\" \/><\/figure><\/div>\n\n\n\n<div class=\"shadow1\"><strong>Note:<\/strong> J&#038;K\/ North-Eastern states and other states have access to the provision of a 50% reduction in the term of artisans employed in number per cluster. <\/div>\n\n\n\n<p><strong>Nodal Agencies<\/strong><\/p>\n\n\n\n<ul><li>Khadi &amp; Village Industries Commission acts as a Nodal Agency to advocate Cluster development for Khadi as well as rural-based      industries.<\/li><li>Similarly, the Coir Board will serve as a nodal agency for coir-based clusters.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Scheme_interventions_under_SFURTI_Scheme\"><\/span>Scheme interventions under SFURTI Scheme<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The types of interventions encompassed under the SFURTI scheme includes: <\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Soft Interventions<\/h3>\n\n\n\n<p>This encompasses\ngeneral awareness of the scheme, trust-building, counseling, &amp; motivation. Apart\nfrom that, it also facilitates skill development of artisans, capacity\nbuilding, &amp; establishing institutions. Other measures includeexposure visit\nof artisans and product design, &amp; development.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Hard interventions<\/h3>\n\n\n\n<p><strong><em>S<\/em><\/strong>etting up clusters for different products as well as packaging. Other\nmeasures include advancement of technology, raw material banks, training centers,\nfacility centers, &amp;warehousing facilities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Thematic interventions<\/h3>\n\n\n\n<p>This encompasses different clusters in a single\nsector that pay attention to both local and global markets. These initiatives\ngot the backing ofbrand building, marketing campaigns, market\nexploration via e-commerce sites.<strong><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Potential_Applicants_of_the_SFURTI_Scheme\"><\/span>Potential Applicants of the SFURTI Scheme<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>The potential applicants of the SFURTI scheme are as follow: <\/strong><\/p>\n\n\n\n<ul><li>Central as well as <strong><em>State Government<\/em><\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/State_government\"><strong><em>[1]<\/em><\/strong><\/a><\/sup> institutions<\/li><li>Non-Government Organizations, aka NGOs.<\/li><li>Semi-Government institutions<\/li><li>Panchayati Raj institutions, aka PRIs<\/li><li>State &amp; Central Govt. field functionaries<\/li><li>Corporate responsibility foundations<\/li><li>Private sector with special SPV<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_apply_for_the_SFURTI_Scheme\"><\/span>How to apply for the SFURTI Scheme? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Eligible organizations seeking to avail of the said\nscheme should submit their proposals to the relevant state office or KVIC. Before\nforwarding the proposal for approval, the same is examined by the officials at\nthe State and the Zonal levels. <\/p>\n\n\n\n<p><strong><em>Use the given URL to apply for the SFURTI Scheme<\/em><\/strong>  https:\/\/www.india.gov.in\/spotlight\/scheme-fund-regeneration-traditional-industries-sfurti <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cluster_Selection_Criteria_for_SFURTI_Scheme\"><\/span>Cluster Selection Criteria for SFURTI Scheme<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The clusters ought to exist within the vicinity of 500 beneficiary families that includes traders, artisans, raw material suppliers, traders, etc. Furthermore, these clusters should be present within at least two subdivisions of a district.<\/li><li>The clusters ought to be based on coir, khadi, &amp; rural companies that include leather pottery, etc.<\/li><li>The growth potential and opportunity to create jobs and other important parameters being considered under the SFURTI scheme.<\/li><li>Clusters\u2019 geographical distribution across the nation. At least ten percent of the clusters should find their place in the Northeast states of India.<\/li><\/ul>\n\n\n\n<p>Under the SFURTI scheme, the GOI has projected to\nset up 70 clusters with a budget allocation of Rs. 149.44 crores. The\nGovernment is also eyeing setting up 800 clusters under the 12<sup>th<\/sup>&nbsp;five-year\nplan via funding from the Asian Development Bank and Central Government. The government\noffers 3 years for the scheme\u2019s deployment related to each cluster. <\/p>\n\n\n\n<p>Approx. 154 clusters were approved by the Indian\ngovernment under the said scheme from 2018 to 2020. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>SFURTI scheme is a growth-driven initiative of GOI that came to effect in the year 2005. The scheme aims the integrate rural-based industries in different parts of the nation so they can become competitive, financially stable&amp; profitable. To serve this purpose, the Indian government has allocated funds and appointed nodal agencies. The idea is to overhaul the deteriorating conditions of the rural-based industries and instill some resilience in them. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/how-msme-registration-can-ensure-business-growth\/\">How MSME Registration Can Ensure Business Growth? <\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SFURTI is an acronym of Scheme of Fund for Regeneration of Traditional Industries. The scheme was launched by GOI in 2005 under the patronage of the Ministry of MSME 2005. The primary goal of this scheme is to make traditional industries more profitable as well as competitive. The traditional industries that have a massive skilled [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":31658,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[176],"tags":[1802],"acf":{"service_id":"71"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":4898,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/31656"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=31656"}],"version-history":[{"count":6,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/31656\/revisions"}],"predecessor-version":[{"id":31666,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/31656\/revisions\/31666"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/31658"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=31656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=31656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=31656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}