SFURTI scheme MSME.pdf

SFURTI scheme by Ministry of MSME is a scheme for providing financial support and upliftment of the traditional industry. We have published a short description explaining how the scheme provide funding upto Rs. 5 Crore.

For more details about SFURTI scheme visit us at https://consultantsf.com

1. SFURTI Scheme:
A Short Explanation
Explanation of Scheme of Funds for Regeneration of Traditional
Industry by Ministry of MSME of Government of India

2. AIMS AND
OBJECTIVES
SFURTIstandsforSchemeofFundsforRegeneration
ofTraditionalIndustry.
Theaimoftheschemetoprovidefinancialbenefitto
ClustersofTraditionalIndustriessuchasKhadi,Coir
andotherhandloomandhandicraftindustries.

3. idea of SFURTI
Scheme
“Industries/Artisansrequirequalityinfrastructure
supporttomeetcustomerexpectation,survivalin
competitivemarketandtobereadyforexportbyabsorbing
technologybalance.Thefragmentedapproachof
infrastructurecreationforartisansandenterpriseshasnot
beenveryconduciveforpromotingentrepreneurshipand
bringingmarketfitproductfromexistingenterprises.After
dueconsultationswithstakeholders,StateGovernments
andasapartofeaseofdoingbusiness,makingscheme
simpler,deliverable,transparent,monitorableandDBT
compliant,theexistingschemeshavebeenrevisedfor
convergenceandsimplifiedtobringclarityofgoalsand
role”.

4. What is a
Cluster?
Aclusterisidentifiedbyagroupofcraftsmanand
artisansworkingtogetherinmanufacturingandsale
oftraditionalcommodities.
Thespecificallyprovidefundsfordevelopmentofa
cluster.

5. How much
amount is
spent on
Cluster?
TheMinistryofMSMEthroughitsgoverningbody,i.e.
theSchemeSteeringCommitteeinacluster
developmentprojectsanctionsfundsupto
Rs.5Crore.
Thebelowtabledemonstratethefundingmethodin
thescheme:
Type of Cluster Per Cluster Budget Limit
Regular Cluster (upto500
artisans)
Rs. 2.50 Crore
Major Cluster (more than 500
artisans)
Rs. 5.00 Crore

6. The Functionaries and Agencies Under SFURTI
Scheme Steering
Committee
Technical AgencyNodal Agency Implementing
Agency
Working
Committee
The scheme is implemented by the assistance of nationally recognized well
established agencies which have experience in cluster development program.

7. Scheme
Steering
Committee
It is an institution which heads the operation of the
scheme, directly managed by the Ministry of MSME
(Government of India).
TheprimaryandmostimportantfunctionofSSCis
toreceiveproposalsforclusterdevelopment
projectsbytheImplementingAgencyonbehalfof
NodalAgency.

8. Nodal
Agency
Theyarenationallevelinstitutionshaving
experienceinsettingupoftraditionalindustry
clusteratregionalornationallevel.
Theseagencieshaveexperienceincluster
development,projectmanagementandfacilitation
foraccessingmarkets.
Nodal Agency like COHANDSIndia are experienced
in setting up of handloom and handicraft cluster.

9. Technical
Agency
Theagencyprovidestechnicalsupportin
preparationanddocumentationforcluster
developmentprogramwhichinvolvespreparation
ofDetailedProjectReportandothersupporting
documentsforacluster.
The Agency assistsboth the Nodal Agency and
Technical Agency by providing close handholding
supportin project implementation.

10. Implementing
Agency
Theyarenon-governmentorganizations(NGOs)or
institutionsofgovernmentorPanchayatiRaj
institutionhavingexpertiseinclusterdevelopment.
AnIAisassignedfordevelopmentofacluster.They
workatgross-rootlevelinimplementationof
cluster.
TheyareappointedbytheNodalAgency.
AnIAwillappointaClusterDevelopmentExecutive
whowillimplementtheclusterprojectasperDPR.

11. Implementing
Agency
Theyarenon-governmentorganizations(NGOs)or
institutionsofgovernmentorPanchayatiRaj
institutionhavingexpertiseinclusterdevelopment.
AnIAisassignedfordevelopmentofacluster.They
workatgross-rootlevelinimplementationof
cluster.
TheyareappointedbytheNodalAgency.
AnIAwillappointaClusterDevelopmentExecutive
whowillimplementtheclusterprojectasperDPR.

12. Conclusion
The SFURTI scheme aims to uplift the traditional industry.
Clusters developed in the SFURTI scheme are established with a comprehensive business plan
looking at future sustainability growth.
We at SF Consultants help in growing clustersby guiding NAs and IAs with our technical
competencies. Our group of professionals helps in developing commercial enterprise plans,
providing technical support and steerage in the proper development and execution of a DPRfor
cluster development.