AN ANALYSIS OF SCHEME OF FUND FOR REGENERATION OF TRADITIONAL INDUSTRIES (SFURTI) IN RELATION TO COIR CLUSTERS OF KERALA

MERLIN ABRAHAM; DR. BIJU. T. GEORGE

Volume : VIII, Issue : IX, September - 2019

AN ANALYSIS OF SCHEME OF FUND FOR REGENERATION OF TRADITIONAL INDUSTRIES (SFURTI) IN RELATION TO COIR CLUSTERS OF KERALA

Merlin Abraham, Dr. Biju. T. George

Abstract :

Traditional industries are part and parcel of Indian culture and history. The Government of India has introduced various schemes that promote revival and regeneration of traditional industries. One of the strategies used is clustering of industrial units and artisans which has gained popularity because of its many folded advantages. One such scheme is ‘Scheme of Fund for Regeneration of Traditional Industries (SFURTI), which was introduced by the Ministry of MSME, GOI, for providing financial assistance and support to traditional industries such as Khadi, Village and Coir industries in order to make them more competitive, profitable and sustainable through clustering. This study intends to give an overview of the scheme’s role in relation to coir clusters and its effectiveness. The study analyses the strength, weakness, opportunities and threats of SFURTI in the second phase of coir clusters in Kerala. The result of this study is encouraging as regards to the competitiveness, profitability and sustainability of coir clusters in the second phase.