MSME Ministry to re-launch modified SFURTI scheme soon

The scheme was launched for development of around 100 clusters from khadi, village and coir sectors with a total plan outlay of Rs 97.25 crore

Press Trust of India New Delhi
Last Updated : Aug 01 2014 | 2:39 PM IST
The MSME Ministry will soon re-launch the modified Scheme of Fund for Regeneration of Traditional Industries (SFURTI) in order to give a fillip to the Khadi and coir sectors.

"The (MSME) Minister has approved it. So, a modified SFURTI scheme is being launched. Everything has been settled and now we will formally give impetus to it," MSME Secretary Madhav Lal told PTI.

The government launched the SFURTI scheme for development of around 100 clusters from khadi, village and coir sectors with a total plan outlay of Rs 97.25 crore.

The Scheme envisages need-based assistance for replacement of production equipment, setting up of common facility centres (CFC), product development, quality improvement, improved marketing, training and capacity building.

The Ministry of MSME launched this scheme in the year 2005 with a view to promote cluster development.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 01 2014 | 1:38 PM IST

Next Story