Scheme of Fund for Regeneration of Traditional Industries
State: Central
Ministry: Ministry Of Micro, Small and Medium Enterprises
Department: null
Category: Banking,Financial Services and Insurance, Business & Entrepreneurship
Beneficiary Type: Artists, Government Organisation, Industries, NGO, Registered Societies, Self Help Groups (SHGS), State Government

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".

Benefits:
1. 100% of Project cost excluding/except Hard Interventions.
   1.  90% of Hard Intervention is eligible for the  North Eastern Region, UT of Jammu &amp;amp; Kashmir and Hill States, and 75% of Hard Intervention for Others.

**#****Project Intervention****Scheme Funding****Financial Limit** **Financial Limit** **Implementing Agency Share**ACluster 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&amp;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:
- 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.

&gt; **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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Application Process:
[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.

Documents Required:
Certificate of Registration of the organization
Endorsement from Promoting Organisation (if applicable)
Establishment date & summary of registered organization
List of Governing Body/Board of Directors
Details of Areas of Activity
List of organizations with which formal MoUs/linkages exist
Annual Audited statement & IT returns for the last 3 years
Details of Recognitions & Awards
Details of Team/Staff with cluster experience
Bank account details
Any other document, as required