Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q72: Which of the following statements regarding the SFURTI (Scheme of Fund for Regeneration of Traditional Industries) is INCORRECT?

A
It aims to organize traditional industries and artisans into clusters.
B
The scheme is implemented by Nodal Agencies like KVIC and Coir Board.
C
It focuses exclusively on the IT and Service sectors of MSMEs.
D
It provides funding for both "Soft Interventions" (skill training) and "Hard Interventions" (machinery/buildings).
✅ Correct Answer: C
Correct Option: C (This statement is False). Concept: SFURTI Purpose.
The Error in C: SFURTI is specifically designed for Traditional Industries (such as Bamboo, Khadi, Coir, Honey, Handicrafts, etc.), and not for the IT or modern service sectors.
The objective of the scheme is to make traditional industries more competitive and sustainable by organizing them into clusters.
The scheme supports two types of interventions: "Soft Interventions" which include capacity building, design development, and market promotion; and "Hard Interventions" which include the setting up of Common Facility Centers (CFCs) and Raw Material Banks (RMBs).