What is SFURTI Scheme?

SFURTI Scheme is a pilot project implemented by Ministry of MSME of Government of India. The scheme is in aid and to develop the business for traditional industry which involves manufacturing and sale of handicraft and handloom products in the domestic and international markets by way of cluster development.

The cluster development in the SFURTI Scheme is the core motive of the organizations involved in the scheme to develop. A cluster is where, after all planning of the government and non-government agencies working under the scheme comes to the conclusion of market the handloom and handicraft product.

The scheme was first launched in the year 2004 by the Ministry of MSME, and has been a huge success by organizing 800 more clusters on a yearly basis.

By way of functioning of the schemes many private and non-government organizations like SF Consultant is now being flourished in the market specially developing the expertise in Cluster Development in the market. 

Full Form of SFURTI Scheme

The full form of the scheme is:

"Scheme of Funds for Regeneration of Traditional Industries"


SFURTI Yojna, How It is Implemented?

Their is a hierarchy of organization involved in the implementation of the scheme, the system is a top to bottom of hierarchy which involves movement of Funds and Compliance Report in a organized manner.

In addition to the organizations functioning in the scheme, their are several intermediates, which are bodies formed joining two or more organizations.

So, the primary bodies in the scheme are, as per the hierarchy (Top to Bottom):

  1. Ministry of MSME, Government of India.
  2. Nodal Agencies: There are 32 Nodal agencies functioning under the scheme and the cluster are functioned under the name of the Nodal Agency. Some famous nodal agencies are KVIC, Council for Handicrafts Development Corporation (COHANDS), Coir Board and etc. 
  3. Technical Agencies: Technical Agencies are nationally acclaimed firms, specifically experienced in cluster development, business development and marketing. Technical agencies provide back end support to a sfurti cluster and charge its consultancy fees accordingly. 
  4. Implementing Agencies: Each cluster has one Implementing agency which is tasked with forming implementing the business goals and bringing artisans and craftsman, providing proper training to the them and closure of the same. 

Conclusion

SFURTI scheme is a success and have been revamped several times throughout it implementation. The scheme is now hopping and will going to implement the function of the e-commerce industries.

The agencies working under the scheme have been developing system in complacent with the scheme and the forming a example in the world and developing an age old industry. 

The traditional industry is now set on a revival because of the SFURTI scheme.








 

Location: 6XR8+8M Gaurjholapani, Madhya Pradesh, India

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