Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
Why in News?
As of March 14, 2026, the Ministry of MSME has successfully completed 364 cluster projects under SFURTI, significantly reviving traditional industries across the country.
Objectives
- To organize traditional artisans into collectives (clusters) for economy of scale.
- To provide sustained employment and enhance the marketability of products.
- To equip artisans with modern tools, improved skills, and advanced technologies.
Key Interventions
- Soft Interventions: Skill development, capacity building, exposure visits, and trust-building workshops.
- Hard Interventions: Creation of physical infrastructure like Common Facility Centres (CFCs), Raw Material Banks (RMBs), and modern production units.
- Thematic Interventions: Brand building, e-commerce integration, and new media marketing at a sector-wide level.
Financial Assistance
- Regular Clusters (up to 500 artisans): Funding up to ₹2.5 crore.
- Major Clusters (more than 500 artisans): Funding up to ₹5 crore.
- Heritage Clusters: Budget limits can go up to ₹8 crore for extensive preservation and development.
Nodal Agencies
- Khadi and Village Industries Commission (KVIC) for khadi and village industry products.
- Coir Board for coir-based industries.
- Other agencies like National Small Industries Corporation (NSIC) and TRIFED for specific sectors.
Eligibility to Apply
- Non-Governmental Organizations (NGOs) and Panchayati Raj Institutions (PRIs).
- Institutions of Central and State Governments.
- Private sector institutions and cooperatives with expertise in cluster development.
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