Union Minister for MSME & Road Transport & Highways, Shri Nitin Gadkari on February 22, 2021 inaugurated 50 artisan-based SFURTI clusters, spread over 18 States.
- These clusters have been inaugurated in the States of Andhra Pradesh, Arunachal Pradesh, Assam, Chhattisgarh, Gujarat, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Nagaland, Odisha, Rajasthan, Tamil Nadu, Uttar Pradesh and West Bengal
- The Ministry of MSME, Govt. of India has funded an amount of around Rs.85 crore for development of these 50 clusters.
- The Ministry of MSME is implementing a Scheme of Fund for Regeneration of Traditional Industries (SFURTI) with a view to organize traditional industries and artisans into clusters to make them competitive and increase their income.
- SFURTI clusters are of two types i.e., Regular Cluster (500 artisans) with Government assistance of up to Rs.2.5 crore and Major Cluster (more than 500 artisans) with Government assistance up to Rs.5 crore.
- The artisans are organized into SPVs which can be (i) a Society registered under Societies (Registration) Act, 1860, (ii) a Co-operative Society under an appropriate statute, (iii) a Producer Company under Section 465 (1) of Companies Act, 2013 (18 of 2013), (iv) a Section 8 Company under the Companies Act, 2013 (18 of 2013) or (v) a Trust.
