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Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
The Ministry of Micro Small and Medium Enterprises (MSME), Government of India launched the Scheme of Fund for Regeneration of Traditional Industries (SFURTI) in 2005 to make traditional industries more competitive, market driven and productive by introducing new technologies. The SFURTI scheme mandates 90% of the scheme’s budget to be allocated to technology, also known as the “hard component”. This resonates with Development Alternatives’ belief in the power of technology to transform people’s lives. The remaining 10% is allocated to the “soft component” – training, market linkage, design and capacity building – and “thematic interventions”. Traditional industries have been broadly categorized as under: Khadi Industries; Village Industries; and Coir Industries.
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Our objectives of Scheme of Fund for Regeneration of Traditional Industries (SFURTI) Scheme
- Organise traditional skills into clusters to make them competitive.
- Provide sustained employment for traditional artisans.
- Enhance marketability of products by design interventions & packaging.
- Improve skills & capabilities by training & exposure visits.
- Provision for common facilities ,improved tools & equipment Multi product cluster.
- Cluster governance-participation of stakeholders.
- Shift from supply driven model to market driven model.
- To tap e-commerce platforms as a major marketing channel.