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Everything to know about the SFURTI scheme: full form, eligibility, and objectives

The Ministry of MSMEs and the Government of India introduced the SFURTI Scheme in 2005. The SFURTI scheme's full form is the Scheme of the Fund for Regeneration of Traditional Industries. The scheme aims to establish collectives among traditional industries' artisans and producers to support them in producing competitive, high-quality goods that will guarantee the sector's future viability. The SFURTI project vision is to increase artisanal income by focusing on the development of physical infrastructure, technology upgrades, training, product development, creative interventions, marketability, better packaging, and marketing infrastructure. Traditional industries are broadly categorised into three main types: Khadi Industries, Village Industries, and Coir Industries. Eligibility for the SFURTI scheme and Cluster Criteria: These are all the eligible individuals and groups that can apply for the SFURTI Scheme: 1. Non-government organisations (NGOs) 2. Institutions of the C
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The Role of Fintech in Transforming MSME Financing

  Historically, micro, small, and medium-sized firms (MSMEs) have struggled to obtain financial support. However, with the introduction of Financial Technology (Fintech) , the landscape of MSME financing is undergoing a significant upheaval. In this blog post, we look at Fintech's critical role in transforming MSME financing, including its impact, benefits, and possibilities. Embracing Fintech for MSME Finance The days of burdensome paperwork and lengthy processing delays are over. Fintech has ushered in a new era of efficiency and accessibility for MSME funding. Fintech platforms use new digital solutions to expedite the loan process, making it easier for MSMEs to acquire the cash they require to succeed. Whether it's obtaining a loan , managing cash flow, or making payments, Fintech provides a wide range of solutions geared to the specific needs of MSMEs. The Rise of Fintech in MSME Finance Fintech finance has revolutionized the financial landscape for MSMEs by providing
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All you need to know about Government Grants and Subsidies for MSMEs

  In the fast-paced world of Micro, Small, and Medium Enterprises (MSMEs), ensuring financial stability and growth is a top priority. Entrepreneurs and business owners frequently require financial assistance to maintain their operations, expand their businesses, or innovate their products. Fortunately, there are government grants and subsidies specifically designed for MSMEs that can offer valuable support. This guide aims to help you understand the various available options and maximize the benefits of these financial aids. Understanding MSME Loan Schemes One of the most crucial aspects of government support for small businesses is the availability of MSME loan schemes. These schemes are designed to provide affordable financing options to MSMEs, enabling them to access the funds necessary for various business needs. Unlike traditional loans, MSME loans typically come with favorable terms, lower interest rates, and flexible repayment options. The goal is to foster the growth and devel
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