Question
How much Government assistance is given under SFURTI in
Regular Cluster (500 artisans)?Solution
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.
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