SP Jain Institute of Management & Research (SPJIMR) recently entered into an agreement with the Khadi and Village Industries Commission (KVIC) to provide project evaluation consultancy for a scheme that will drive regeneration of traditional industries across 400 traditional village industry clusters in India.

According to the agreement, SPJIMR will provide project consultancy for the scheme, which is titled the 'Revamped Scheme of Fund for Regeneration of Traditional Industries', or SFURTI. The scheme has been formulated by the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India.

KVIC will intervene in more than 400 clusters all over the country and cover more than 40,000 artisans. SFURTI is to be implemented by KVIC through a well-knit system of Nodal Agencies (NA), Implementing Agencies (IA), Technical Agencies (TA), Cluster Development Executives (CDE) and other resource providers.