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Consider the following statements with respect to SFURTI:
It is an initiative of the Ministry of Micro, Small and Medium Enterprises to promote Cluster development.
  • Non-Government Organizations (NGOs) are beneficiaries of the scheme.
  • The fund from the scheme can be utilized for brand-building and promotion campaigns of industries.
    Which of the statements given above is/are correct?
    • a)
      1 and 2 only
    • b)
      2 and 3 only
    • c)
      1 only
    • d)
      1, 2 and 3
    Correct answer is option 'D'. Can you explain this answer?
    Most Upvoted Answer
    Consider the following statements with respect to SFURTI: It is an ...
    • Scheme of Fund for Regeneration of Traditional Industries (SFURTI) is an initiative by the Ministry of MSME to promote Cluster development. Hence statement 1 is correct.
    • Khadi and Village Industries Commission (KVIC) is the nodal agency for the promotion of Cluster development for Khadi.
    • OBJECTIVE OF THE SCHEME:
      • To organize the traditional industries and artisans into clusters to make them competitive and provide support for their long term sustainability.
      • To provide sustained employment for traditional industry artisans and rural entrepreneurs by improving their skills and making their products marketable.
      • WHO CAN APPLY-Non-Government Organizations (NGOs)-Institutions of the Central and State Governments-Semi-Government institutions-Field functionaries of State and Central Govt.- Panchayati Raj institutions (PRIs). Hence statement 2 is correct.
    • PROJECT INTERVENTIONS:
      • The Scheme covers three types of interventions namely Soft Interventions, Hard Interventions and Thematic interventions.
      • Soft Interventions: General awareness, counselling, motivation and trust-building, Skill development and capacity building, Institution development, Exposure visits, Market promotion initiatives, Design and product development, Participation in seminars, workshops and training programmes on technology up-gradation etc.
      • Hard Interventions: Creation of facilities such as Multiple facilities for multiple products and packaging wherever needed, Common Facility Centres (CFCs), Raw Material Banks (RMBs), Up- gradation of production infrastructure, Tools and technology up-gradation, Warehousing facility, Training Centre, Value addition and processing Centre.
      • Thematic Interventions: Cross-cutting thematic interventions at the sector level including several clusters in the same sector with emphasis on both domestic and international markets. These will primarily include brand-building and promotion campaigns, new media marketing, e-Commerce initiatives and innovation. Hence statement 3 is correct.
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    Consider the following statements with respect to SFURTI: It is an initiative of the Ministry of Micro, Small and Medium Enterprises to promote Cluster development. Non-Government Organizations (NGOs) are beneficiaries of the scheme. The fund from the scheme can be utilized for brand-building and promotion campaigns of industries. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?
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    Consider the following statements with respect to SFURTI: It is an initiative of the Ministry of Micro, Small and Medium Enterprises to promote Cluster development. Non-Government Organizations (NGOs) are beneficiaries of the scheme. The fund from the scheme can be utilized for brand-building and promotion campaigns of industries. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with respect to SFURTI: It is an initiative of the Ministry of Micro, Small and Medium Enterprises to promote Cluster development. Non-Government Organizations (NGOs) are beneficiaries of the scheme. The fund from the scheme can be utilized for brand-building and promotion campaigns of industries. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with respect to SFURTI: It is an initiative of the Ministry of Micro, Small and Medium Enterprises to promote Cluster development. Non-Government Organizations (NGOs) are beneficiaries of the scheme. The fund from the scheme can be utilized for brand-building and promotion campaigns of industries. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?.
    Solutions for Consider the following statements with respect to SFURTI: It is an initiative of the Ministry of Micro, Small and Medium Enterprises to promote Cluster development. Non-Government Organizations (NGOs) are beneficiaries of the scheme. The fund from the scheme can be utilized for brand-building and promotion campaigns of industries. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
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