Efforts on to make 5,000 MSME clusters under SFURTI scheme: Nitin Gadkari – The Economic Times

Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/efforts-on-to-make-5000-msme-clusters-under-sfurti-scheme-nitin-gadkari/articleshow/81164649.cmsSynopsis

SFURTI (Scheme of Fund for Regeneration of Traditional Industries) offers incentives such as skill development, capacity building, creation of facilities such as common facility centres, rehousing facilities and marketing and e-commerce assistance to local industries.

The government is making efforts to create at least five thousand MSME clusters under the Sfurti scheme, which will give steam to its Atmanirbhar Bharat initiative, Union minister for MSMEs Nitin Gadkari said on Monday.

Gadkari inaugurated 50 MSME clusters here under the scheme which essentially helps hand hold MSMEs part of the cluster.

SFURTI (Scheme of Fund for Regeneration of Traditional Industries) offers incentives such as skill development, capacity building, creation of facilities such as common facility centres, rehousing facilities and marketing and e-commerce assistance to local industries.

He said that of 371 clusters, only 80 are operational, and the ministry was working to fast track the approval process for such clusters.

“We are trying to digitalise schemes, and clusters haven’t taken off because of delays in approvals,” Gadkari said in response to a question from ET.

“This is just one scheme, there are several other schemes under the ministry and we will try to develop more clusters under these schemes,” he added.

Gadkari said that these clusters would help farmers and craftspeople be independent, adding to the government’s atmanirbhar initiatives.

Gadkari further said that the government is trying to develop crash barriers made of bamboo and deploy them alongside highways.

“I am extremely displeased with steel and cement companies which are cartelising to shoot prices up, I am now looking for alternatives,” he said.

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