The financial assistance provided under the SFURTI scheme for any specific project shall be subject to a maximum of Rs 8 crore.
| Type of Clusters | Per Cluster Budget Limit |
|---|---|
| Heritage Clusters (1000 – 2500 artisans) | Rs. 8 crore |
| Major Clusters (500 – 1000 artisans) | Rs. 3 crore |
| Mini – Clusters (Upto 500 artisans) | Rs. 1 crore |
Note: For North Eastern Region / J&K and Hill States, there will be a 50% reduction in the number of artisans per Cluster.
Eligible Entities that offer Loans under SFURTI Scheme
Objectives
Under the SFURTI scheme, approximately 70 clusters will be developed across the country involving an expenditure of Rs. 149.44 crores. Further, under the 12th Five Year Plan it is stated that by the funding provided by the Government of India and Asian Development bank, around 800 clusters are proposed. Three years are allotted by the Government of India for the implementation of the project for each cluster.
Eligible Entities
The below-mentioned entities can apply for the SFURTI scheme:
Apply for Loan under SFURTI
To apply for loan under SFURTI scheme, eligible entities/agencies/organizations are required to submit the proposal to the State Office, KVIC and the same is checked at the State Level and Zonal Level before submitting to the Scheme Steering Committee for final approval.
