SFURTI

The Government introduced the Scheme of Fund for Re-generation of Traditional Industries (SFURTI) in 2005-06 for re-generation of traditional industry clusters in khadi, village industries and coir sector.  

            In a written reply in the Lok Sabha today the Union Minister of MSME Shri Virbhadra Singh said that the funds released under SFURTI during the last three years to the Nodal Agencies Khadi and Village Industries Commission (KVIC) as well as Coir Board are:

(Rs. in crore)

Year	KVIC	COIR BOARD	Total
2008-09	13.45	3.50	16.95
2009-10	12.00	--	12.00
2010-11	8.30	2.50	10.80

          

SFURTI is being implemented through experienced and reputed institutions including Government and Non-Governmental Organizations selected by the Nodal Agencies on the basis of criteria approved by the Scheme Steering Committee. For effective utilization of funds under SFURTI, cluster-wise Diagnostic Study Report containing Cluster Action Plan is prepared with the help of Cluster Development Executive engaged for the cluster and active involvement of designated Technical Agency of repute. The funds are released by the Nodal Agencies cluster-wise and the progress is closely monitored by them with the involvement of the concerned Cluster Development Coordination Group at cluster level. Funds released to the cluster are kept in an escrow­­­­ account and utilized as per plan. The progress of utilization is monitored at KVIC Headquarter level quarterly. Installments are released on the basis of utilization of earlier releases and after ascertaining satisfactory progress.

The main traditional industries that fall under the purview of the scheme include khadi and village industries such as cane and bamboo crafts, embroidery, leather, pottery, handmade paper, wooden handicrafts, bee-keeping, agarbatti, herbal products, brass metal products, carpentry, beads making, palm gur, Coir, etc.