Question
Consider the following about SFURTI scheme of government
of India. I. Implementing Ministry for this scheme is Ministry of Micro, Small & Medium Enterprises (MSME) II. It was started with a view to organize traditional industries and artisans and to increase their income. III. Ministry of MSME launched this scheme in the year 2005. Which of the following/s statement/s is/are correct?Solution
• The number of MSME clusters inaugurated or commissioned during the financial year 2021-22 under the government’s Scheme of Funds for Regeneration of Traditional Industries (SFURTI) was the highest in the past seven years. • 107 clusters were commissioned with a grant of Rs 302 crore in the last financial year under the SFURTI programme that organises traditional industries and artisans into clusters to boost competitiveness and provide employment. • The number of artisans employed across 107 clusters declined 3% to 61,332 from 63,539 artisans benefitting in FY20 and 84,720 in FY20. • The grant extended in FY22 was lower than Rs 325 crore and Rs 398 extended by the government in FY21 and FY20 respectively.
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