Which of the following statements with reference to SFURTI is are correct This scheme pertains to re...........

Jammu and kashmir Economy

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Which of the following statements with reference to SFURTI is/are correct?

This scheme pertains to rejuvenation of traditional industries.
It was launched in the year 2005 by the Ministry of Micro, Small & Medium Enterprises.

1 only

2 only

Both

None

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Explanation:

Recently, a public during an awareness programme was conducted under the soft intervention of the department.

Speaking on the occasion, Vice Chairperson, Jammu and Kashmir Khadi and Village Industries Board (KVIB), said that Beekeeping Cluster being established under SFURTI shall greatly boost the economy of local beekeepers with a notable increase in production of honey in the district.

SFURTI is a Scheme of Fund for Regeneration of Traditional Industries.

Ministry of MSME launched this scheme in the year 2005 with the view to promote Cluster development.