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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...

  A paradigm shift is occurring in India's entrepreneurial finance landscape. This evolution is propelled by the emergence of fresh funding avenues, dismantling age-old barriers and presenting unparalleled prospects for both entrepreneurs and investors. This article delves into the dynamic advancements in India's entrepreneurial finance sphere, showcasing how these breakthroughs are redefining the trajectory of business funding. Venture Capital: The New Vanguard Venture capital (VC) in India is experiencing a phenomenal surge, propelling it to the forefront of entrepreneurial finance. VC firms are not just financial backers; they are partners, mentors, and gateways to invaluable networks. What sets the Indian VC scene apart is its readiness to invest in early-stage start-ups, a trend that's democratizing access to capital for innovative young companies across various sectors. Angel Investing: Personal Touch in Financing The landscape of angel investing in India has transfor...

The landscape of business financing in India is experiencing a revolutionary shift. At the heart of this transformation lies the realm of loan innovations, a dynamic sector swiftly redefining the way businesses secure and handle capital. Join us on an exploration of the current trends and future prospects of loan innovations within the context of India's rapidly growing economy . The Digital Lending Boom The advent of digital lending platforms has been a game-changer in the Indian loan market. These platforms offer a range of innovative lending solutions that cater to the diverse needs of businesses. From quick disbursals to minimal documentation, digital lending is making credit more accessible, especially for small and medium enterprises (SMEs) that often struggle to secure funding through traditional banking channels Peer-to-Peer Lending: An Emerging Luminary Peer-to-Peer (P2P) lending is another trend gaining momentum in India. This model enables individuals to lend money to ot...

  For modern businesses in India, the financial terrain has undergone significant transformation. This metamorphosis is not just a reflection of changing economic policies but also of technological advancements and shifting consumer behavior. As we navigate through this complex financial ecosystem, it becomes imperative for businesses, both established and emerging, to understand and adapt to these changes. The Shift from Cash to Digital Payments One of the most notable changes in India's financial terrain is the shift from traditional cash transactions to digital payments. The government's push for a 'Digital India' has seen a surge in digital payment platforms such as UPI (Unified Payments Interface), Paytm, Google Pay, and many others. This transition has been further accelerated by the COVID-19 pandemic, which necessitated contactless transactions as a safety measure. For businesses, this shift means re-evaluating their payment systems to accommodate and encourage ...