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Contents
What is the News?
Khadi and Village Industries Commission (KVIC) has launched a Scheme called SPIN (Strengthening the Potential of India). It has also set up a pottery cluster under SFURTI Scheme.
What is the SPIN Scheme?
The scheme is aimed at bringing self-sustainability in the Indian pottery sector.
Under the scheme, KVIC will facilitate the registered potters to get easy loans from banks under the Pradhan Mantri Shishu Mudra Yojana This will help them in diversifying their activities and enhance their income.
Key Features of SPIN Scheme
It is a no-subsidy program. So, there is no financial burden on the exchequer
Beneficiaries can repay the loans in easy instalments.
What is Kashi Pottery Cluster?
It was the first pottery cluster in the Varanasi district set up by KVIC under the SFURTI Scheme.
The cluster is equipped with modern equipment like furnaces, electric pottery wheels, blunger machines, pugmills and other modern equipment for higher production of clay pottery.
About Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
Launched by: Ministry of Micro, Small & Medium Enterprises(MSME)
Aim: To organize traditional industries and artisans into clusters to make them competitive and increase their income.
KVIC is the nodal agency for the promotion of Cluster development for Khadi as well as for Village Industries products.
Source: This post is based on the article “On Prime Minister’s birthday, KVIC launches a series of schemes to empower artisans in Varanasi” published in PIB on 18th September 2021.
