Scheme of Fund for Regeneration of Traditional Industries
To make the traditional industries more productive and competitive and facilitating their sustainable development, the Govt. of India announced in 2005-06, setting up of a fund for the regeneration of traditional industries. Pursuant to this announcement, a Central Sector Scheme titled the “SFURTI".
About the Scheme of Fund for Regeneration of Traditional Industries Scheme
The “Scheme of Fund for Regeneration of Traditional Industries (SFURTI)” is an initiative of the Ministry of Micro, Small, and Medium Enterprises, Government of India, launched in 2005 to strengthen traditional industries by making them competitive, market-driven, and sustainable. The scheme focuses on organizing artisans and rural entrepreneurs into clusters to enhance productivity, income, and employment opportunities. It supports infrastructure development, technology upgradation, skill training, product design, and improved market access. The Coir Board acts as the nodal agency and implements the scheme through designated agencies for each cluster. The scheme also promotes innovation, branding, e-commerce, and sustainable practices to improve the overall value chain of traditional industries.
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Benefits
- 100% of Project cost excluding/except Hard Interventions.
- 90% of Hard Intervention is eligible for the North Eastern Region, UT of Jammu &amp; Kashmir and Hill States, and 75% of Hard Intervention for Others.
#Project InterventionScheme FundingFinancial Limit Financial Limit Implementing Agency ShareACluster InterventionsA1Soft Interventions including skill training, capacity building, and design development 100%Subject to a maximum of 33% of A (Total cost of Cluster Interventions both hard and soft interventions) or ₹25.00 lakh, whichever is less.Maximum ₹8 crores per project (A+B+C)NilA2Hard Interventions including CFCs, RMBs, training Centres, etc.*75%Maximum ₹8 crores per project (A+B+C)25% of Project CostBCost of Technical Agency 100%8% of A1+A2 (Total cost of Cluster Interventions both hard and soft interventions)Maximum ₹8 crores per project (A+B+C)NilC**Cost of IA/SPV including CDE100%Maximum ₹20.00 lakh per project.Maximum ₹8 crores per project (A+B+C)Nil* 90%:10% in the case of the North Eastern Region (NER), UT of J&K and hill states.
** This may include remuneration of Cluster Development Executive (CDE) and other expenses incidental to the entire 3-year project implementation.
Eligibility Criteria
- Non-Government organizations (NGOs), institutions of the Central and State Governments and Semi-Government institutions, field functionaries of State and Central Govt., Panchayati Raj institutions (PRIs), Private sector by forming cluster-specific SPVs, Corporates and Corporate Responsibility (CSR) foundations with expertise to undertake cluster development.
> Criteria for Selection of Clusters:
- The Selection of Clusters will be based on their geographical concentration which would be around 500 beneficiary families of artisans/micro-enterprises, suppliers of raw materials, traders, service providers, etc., located within one or two revenue subdivisions in a District (or in contiguous Districts.)
- The potential for growth in production and generation of employment opportunities will also be considered in selecting clusters under SFURTI.
- The geographical distribution of the clusters throughout the country, with at least 10% located in the North Eastern region will also be kept in view while selecting Clusters.
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How to Apply for Scheme of Fund for Regeneration of Traditional Industries
Application mode: Online
Step 1: Eligible agencies/organizations may submit the proposal online. The applicant/agency/organization needs to visit on SFURTI Portal and register/sign up on the portal by entering their correct details.
Step 2: The applicant organization needs to log in through their ID on the SFURTI Portal and fill out the application form completely.
Step 3: Upload all the relevant documents and verify the details.
Step 4: Submit the application form.
- Instructions for Filling the Concept Scorecard: Click here.
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Exclusions
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Frequently Asked Questions
What is the Scheme of Fund for Regeneration of Traditional Industries scheme?
The “Scheme of Fund for Regeneration of Traditional Industries (SFURTI)” is an initiative of the Ministry of Micro, Small, and Medium Enterprises, Government of India, launched in 2005 to strengthen traditional industries by making them competitive, market-driven, and sustainabl…
Who is eligible for Scheme of Fund for Regeneration of Traditional Industries?
Non-Government organizations (NGOs), institutions of the Central and State Governments and Semi-Government institutions, field functionaries of State and Central Govt., Panchayati Raj institutions (PRIs), Private sector by forming cluster-specific SPVs, Corporates and Corporate Responsibility (CSR)…
What benefits does Scheme of Fund for Regeneration of Traditional Industries provide?
100% of Project cost excluding/except Hard Interventions. 90% of Hard Intervention is eligible for the North Eastern Region, UT of Jammu &amp; Kashmir and Hill States, and 75% of Hard Intervention for Others. Project InterventionScheme FundingFinancial Limit Financial Limit Implementing Agency…
How can I apply for Scheme of Fund for Regeneration of Traditional Industries?
Step 1: Eligible agencies/organizations may submit the proposal online. The applicant/agency/organization needs to visit on SFURTI Portal and register/sign up on the portal by entering their correct details. Step 2: The applicant organization needs to log in through their ID on the SFURTI Portal an…
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
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