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Consider the following statements about the SFURTI scheme, often seen in the news:
1. It was launched by the Ministry of Trade and Commerce.
2. SFURTI clusters have been set up to promote Entrepreneurship in emerging fields like Industry 4.0, Artificial Intelligence, etc.
2. SFURTI clusters have been set up to promote Entrepreneurship in emerging fields like Industry 4.0, Artificial Intelligence, etc.
Which of the above statement(s) is/are not 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?
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Verified Answer
Consider the following statements about the SFURTI scheme, often seen ...
In News: MSME minister recently inaugurated 50 SFURTI clusters.
Statement 1 is not correct. The SFURTI scheme was launched by the Ministry of Micro, Small and Medium Enterprises (MSMEs) in 2005.
Statement 2 is not correct. The aim of SFURTI clusters is to organise traditional industries and artisans into clusters to make them competitive and increase their income.
Statement 1 is not correct. The SFURTI scheme was launched by the Ministry of Micro, Small and Medium Enterprises (MSMEs) in 2005.
Statement 2 is not correct. The aim of SFURTI clusters is to organise traditional industries and artisans into clusters to make them competitive and increase their income.
Most Upvoted Answer
Consider the following statements about the SFURTI scheme, often seen ...
Statement 1: It was launched by the Ministry of Trade and Commerce.
The first statement is not correct. The SFURTI (Scheme of Fund for Regeneration of Traditional Industries) scheme was not launched by the Ministry of Trade and Commerce. It was launched by the Ministry of Micro, Small and Medium Enterprises (MSME) in 2005. The objective of the scheme is to promote cluster-based development for traditional industries and artisans.
Statement 2: SFURTI clusters have been set up to promote Entrepreneurship in emerging fields like Industry 4.0, Artificial Intelligence, etc.
The second statement is also not correct. SFURTI clusters are not specifically set up to promote entrepreneurship in emerging fields like Industry 4.0 and Artificial Intelligence. The main focus of SFURTI is to enhance the competitiveness of traditional industries and artisans by providing them with the necessary support and infrastructure.
Explanation:
The SFURTI scheme was launched by the Ministry of MSME in 2005. Its primary objective is to promote cluster-based development for traditional industries and artisans. The scheme aims to organize traditional industries and artisans into clusters to make them more productive, competitive, and sustainable.
The SFURTI clusters focus on enhancing the skills of artisans, improving their access to credit, technology, and marketing support, and providing them with the necessary infrastructure. The clusters are designed to provide a platform for the artisans to showcase their skills and products, and also to facilitate the exchange of knowledge and best practices among them.
These clusters are typically formed by grouping together artisans working in similar crafts or industries. The clusters are provided with common facilities, such as raw material banks, training centers, testing laboratories, design centers, and marketing outlets. This helps in improving the productivity and quality of the products, reducing the cost of production, and enabling the artisans to access larger markets.
While SFURTI clusters focus on traditional industries and artisans, they do not specifically target emerging fields like Industry 4.0 and Artificial Intelligence. These emerging fields are usually associated with high-tech industries and require a different set of skills and infrastructure.
In conclusion, neither of the statements is correct. The SFURTI scheme was launched by the Ministry of MSME, and its focus is on promoting cluster-based development for traditional industries and artisans, rather than entrepreneurship in emerging fields like Industry 4.0 and Artificial Intelligence.
The first statement is not correct. The SFURTI (Scheme of Fund for Regeneration of Traditional Industries) scheme was not launched by the Ministry of Trade and Commerce. It was launched by the Ministry of Micro, Small and Medium Enterprises (MSME) in 2005. The objective of the scheme is to promote cluster-based development for traditional industries and artisans.
Statement 2: SFURTI clusters have been set up to promote Entrepreneurship in emerging fields like Industry 4.0, Artificial Intelligence, etc.
The second statement is also not correct. SFURTI clusters are not specifically set up to promote entrepreneurship in emerging fields like Industry 4.0 and Artificial Intelligence. The main focus of SFURTI is to enhance the competitiveness of traditional industries and artisans by providing them with the necessary support and infrastructure.
Explanation:
The SFURTI scheme was launched by the Ministry of MSME in 2005. Its primary objective is to promote cluster-based development for traditional industries and artisans. The scheme aims to organize traditional industries and artisans into clusters to make them more productive, competitive, and sustainable.
The SFURTI clusters focus on enhancing the skills of artisans, improving their access to credit, technology, and marketing support, and providing them with the necessary infrastructure. The clusters are designed to provide a platform for the artisans to showcase their skills and products, and also to facilitate the exchange of knowledge and best practices among them.
These clusters are typically formed by grouping together artisans working in similar crafts or industries. The clusters are provided with common facilities, such as raw material banks, training centers, testing laboratories, design centers, and marketing outlets. This helps in improving the productivity and quality of the products, reducing the cost of production, and enabling the artisans to access larger markets.
While SFURTI clusters focus on traditional industries and artisans, they do not specifically target emerging fields like Industry 4.0 and Artificial Intelligence. These emerging fields are usually associated with high-tech industries and require a different set of skills and infrastructure.
In conclusion, neither of the statements is correct. The SFURTI scheme was launched by the Ministry of MSME, and its focus is on promoting cluster-based development for traditional industries and artisans, rather than entrepreneurship in emerging fields like Industry 4.0 and Artificial Intelligence.
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Consider the following statements about the SFURTI scheme, often seen in the news:1. It was launched by the Ministry of Trade and Commerce.2. SFURTI clusters have been set up to promote Entrepreneurship in emerging fields like Industry 4.0, Artificial Intelligence, etc.Which of the above statement(s) is/are not 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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