Text of Announcement

Regeneration of traditional industries

Some of our traditional industries, namely coir, handloom, handicrafts, sericulture, leather, pottery and other cottage industries not only contain great potential for growth and exports, but are integral for the maintenance of our cultural heritage. Accordingly, a Fund for the Regeneration of Traditional Industries, with an initial allocation of Rs.100 crore will be set up. The details, including mechanism for utilization of the fund will be worked out in consultation with the industries concerned.

Ministry/Department Concerned : Ministry of Agro & Rural Industries

Action Taken

The Government has approved a scheme titled the "Scheme of Fund for Regeneration of Traditional Industries (SFURTI) , for holistic development of traditional cluster of Khadi, Coir and Village Industries including leather and pottery. It is proposed to take up development of hundred clusters (25 Khadi, 50 Village Industries and 25 Coir clusters) over the next five years (beginning 2005-06). For implementation of the scheme a detailed office memorandum (O.M.) has been issued on 03.10.205. 

Target Date for implementation

The implementation of the scheme has already started in 2005-06. Please see the link SFURTI on left side for more details.