Question

What is the main objective of SFURTI scheme?

• A. Promote electronics startups
• B. Promote Robotics
• C. Regeneration of traditional industries
• D. To promote IT startups

Hint:

The acronym itself contains the key to the answer: Scheme of Fund for Regeneration of Traditional Industries. This directly maps to option (C).

Answer 1

The Correct Option is C

Step 1: Understanding the Concept:
The SFURTI scheme is an initiative launched by the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India.
SFURTI stands for the Scheme of Fund for Regeneration of Traditional Industries.
Its primary goal is to organize traditional industries and artisans into collaborative clusters to make them competitive and financially sustainable.

Step 2: Detailed Explanation:
The traditional sector in India includes khadi, coir, bamboo, handloom, and various rural handicrafts.
These industries face challenges such as obsolete technology, lack of market access, and unorganized production methods.
SFURTI aims to address these issues by:
1. Providing financial assistance to set up Common Facility Centers (CFCs) with modern machinery.
2. Enhancing the skills of rural artisans through structured training programs.
3. Supporting product design and modern packaging to meet urban and export demands.
Let us analyze the options:
- Option (A) and (D) involve electronics and IT startups, which are supported by the Ministry of Electronics and Information Technology (MeitY) and the Startup India initiative, not by traditional industry funds.
- Option (B) involves robotics, which is a high-tech field handled under separate research and development programs.
- Option (C) matches the central theme and expansion of SFURTI, focusing on reviving traditional rural livelihoods.

Step 3: Final Answer:
The correct option is (C).