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With reference to the SFURTI clusters, consider the following statements:
1. For the development of these 50 clusters, the MSME Ministry has funded an amount of around Rs.85 crores.
2. To make them competitive and increase their income, it aims to organize traditional industries and artisans into clusters.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the SFURTI clusters, consider the following statemen...
Union Minister for MSME inaugurated 50 artisan-based SFURTI clusters, spread over 18 States.
  • In the 50 clusters inaugurated, over 42,000 artisans have been supported in the traditional segments of muslin, khadi, coir, handicraft, handlooms, woodcraft, leather, pottery, carpet weaving, bamboo, agro-processing, tea, etc.
  • The Ministry of MSME has funded an amount of around Rs.85 crore for the development of these 50 clusters.
  • The Ministry of MSME is implementing a Scheme of Fund for Regeneration of Traditional Industries (SFURTI) with a view to organizing traditional industries and artisans into clusters to make them competitive and increase their income.
  • SFURTI clusters are of two types i.e.,
    • Regular Cluster (500 artisans) with Government assistance of up to Rs.2.5 crore and
    • Major Cluster (more than 500 artisans) with Government assistance up to Rs.5 crore.
  • The artisans are organized into SPVs which can be
    • a Society registered under Societies (Registration) Act, 1860,
    • a Co-operative Society under an appropriate statute,
    • a Producer Company under Section 465 (1) of Companies Act, 2013 (18 of 2013),
    • a Section 8 Company under the Companies Act, 2013 (18 of 2013) or (v) a Trust.
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With reference to the SFURTI clusters, consider the following statements:1. For the development of these 50 clusters, the MSME Ministry has funded an amount of around Rs.85 crores.2. To make them competitive and increase their income, it aims to organize traditional industries and artisans into clusters.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the SFURTI clusters, consider the following statements:1. For the development of these 50 clusters, the MSME Ministry has funded an amount of around Rs.85 crores.2. To make them competitive and increase their income, it aims to organize traditional industries and artisans into clusters.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the SFURTI clusters, consider the following statements:1. For the development of these 50 clusters, the MSME Ministry has funded an amount of around Rs.85 crores.2. To make them competitive and increase their income, it aims to organize traditional industries and artisans into clusters.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the SFURTI clusters, consider the following statements:1. For the development of these 50 clusters, the MSME Ministry has funded an amount of around Rs.85 crores.2. To make them competitive and increase their income, it aims to organize traditional industries and artisans into clusters.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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