Revamped Scheme of Fund for Regeneration Of Traditional Industries (SFURTI)

Key Features

Financial Assistance

Component

Assistance Provided

Detailed Explanation & Example

Grant per cluster 

Up to ₹ 8 crore for heritage, ₹ 3 crore for major, ₹ 1.5 crore for mini 

Example: If you form a cluster with ~1,000 artisans categorized as a “major cluster”, you may get government assistance up to ₹ 3 crore under hard + soft + thematic components.

Funding pattern 

100% grant for soft interventions up to a limit; hard & thematic as per DPR and guideline. 

Example: The soft component  may be fully funded by the government up to say ₹ 20 lakh; your cluster bears other costs.

Project cost contribution

The cluster/IA may contribute land, equity, resources; non-duplication with other schemes required.

Example: The implementing agency brings land for a CFC; the grant does not cover land acquisition cost under scheme.

Eligibility Criteria

Who can apply:

Who cannot apply:

Documents Required

Application Process for the Scheme

Option 1: Apply with Bullit 

Click here to start with guided support. Our team verifies eligibility, compiles documents, and handles application & follow-ups on your behalf. You can monitor progress while focusing on operations. 

Recommended for: NGOs, cluster organisations, artisan groups with limited internal capacity.

Option 2: Government Process via MoMSME / Nodal Agencies

  1. Prepare detailed cluster proposal: baseline survey of artisans, technology gaps, product mix, market potential, common facility centre plan, governance model .
  2. Submit the proposal to the designated Nodal Agency/Nodal Ministry  as per the scheme’s application window and guidelines.
  3. On approval, funds are sanctioned and released in stages according to soft/hard/thematic interventions. Implementation starts: physical infrastructure set up, skill upgradation, market linkages etc.
  4. Post-implementation: Submit utilisation certificates, periodic progress reports, monitoring & evaluation; cluster SPV ensures sustainability of operations.

Option 3: Via State/UT or other implementing partner
Many state governments, industry associations or cluster development organisations act as implementing partners under SFURTI. Applicants may approach the state nodal office or relevant SPV for application facilitation.