SFURTI- Scheme of Fund for Regeneration of Traditional Industries

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SFURTI- Scheme of Fund for Regeneration of Traditional Industries

An programme that was developed by the government of India to promote and support traditional industries and crafts is known as the "Scheme of Fund for Regeneration of Traditional Industries," which also goes by the acronym SFURTI. Through the provision of financial support, technology upgrades, and market linkages, the programme intends to bolster and rejuvenate the traditional industries that are being practised inside the country.
Bodies Involved in SFURTI:
  1. MSME stands for the Ministry of Micro, Small, and Medium-Sized Enterprises. The MSME Ministry is in charge of putting the SFURTI scheme into action. This ministry is also in charge of establishing policies for small and medium companies, including traditional industries, and giving support to these businesses.
  2. Khadi and Village Industries Commission (KVIC): The Khadi and Village Industries Commission (KVIC) plays an important part in the implementation of the SFURTI scheme, notably with regards to khadi and village industries. The KVIC is a statutory body that is responsible for the promotion and development of certain industries all throughout India.
  3. Coir Board, Central Silk Board, and other industry-specific boards: Depending on the traditional industry in question, relevant industry boards and bodies may also be involved in the implementation and execution of the SFURTI programme. Some examples of these boards include the Coir Board and the Central Silk Board.
How to Make the Most of the Opportunities Provided by SFURTI:
  1. Awareness and Participation: Make sure you stay up to date on the announcements and instructions pertaining to the SFURTI scheme by regularly checking official websites, receiving notifications, and reading publications from the government. Participate in an active manner in the various programmes and initiatives that are provided by the scheme.
  2. Training and Capacity Building: Artisans and business owners working in traditional industries can benefit from the SFURTI's training programmes and capacity-building workshops by taking use of these opportunities. This will help them improve their abilities and expand their knowledge.
  3. Submission of a Project Proposal If you are involved in an established traditional industry or craft, you are required to develop a comprehensive project proposal that is linked with the goals of SFURTI. Please submit the proposal in accordance with the rules in order to be considered for possible financial and technical support.
  4. Collaboration and Clustering: SFURTI promotes the establishment of clusters of artisans and manufacturers through its encouragement of collaboration. Work together with people who are also involved in your industry to develop a shared identity and reap the benefits of economies of scale and shared resources.
  5. Market Linkages and Promotion: Leverage the support offered by SFURTI to get access to markets and promote traditional products at the local, national, and worldwide levels respectively.
The following are some of the advantages of participating in SFURTI opportunities:
  1. Support in the Form of Financial aid SFURTI offers traditional industries financial aid in the form of assistance in investing in infrastructure, machinery, and technological advancements.
  2. Upgrades in Technology Craftsmen and producers of traditional goods can improve the items' quality and overall effectiveness by incorporating contemporary practises and equipment into their work.
  3. Market Access: SFURTI's assistance in connecting conventional industries with prospective customers, distributors, and retailers helps these businesses expand their market reach and exposure.
  4. Employment Generation: Especially in rural and semi-urban areas, the fortification of traditional industries might result in a rise in the number of employment opportunities available.
  5. SFURTI is helping to preserve India's rich cultural legacy by providing assistance for India's traditional crafts and talents. This is one of the ways that SFURTI is contributing to the preservation of heritage and culture.
  6. Empowering traditional industries can lead to sustainable livelihoods for artisans and weavers, which in turn improves the socioeconomic situations of those groups.
  7. Diversification and Value Addition: The programme encourages artisans to broaden the range of products they make and to add value to those products so that they can be more competitive in the market.
Keep in mind that the particulars of SFURTI, as well as its benefits, may seem different depending on the conventional industry, as well as the kind of projects that are being worked on. Refer to the official website of the Ministry of Micro, Small, and Medium Enterprises (MSME) or other pertinent government sources for the most up-to-date information and recommendations regarding SFURTI.

Nodal Agency List

List of Clusters under review at Ministry Level (As on 02 May 2023)

List Of Approved Clusters (Till Date)

List Of Functional Clusters (Till Date)