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

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.