Coir Udyami Yojana

Coir Udyami Yojana is a credit linked subsidy scheme for setting up of coir units with project cost upto Rs.10 lakhs plus one cycle of working capital, which shall not exceed 25% of the project cost. The scheme is being implemented by the Coir Board.

Objectives

The main objectives of the scheme are as under:

• To modernize Coir Industry by adoption of modern technology in production and processing of coir and coir products;
• Upgradation of the production and processing technology for improving the productivity, quality and product diversification;
• To increase the efficiency and productivity for enhancing the earnings of the workers engaged in the sector;
• To enhance the utilization of coconut husk and fo r increasing the production of coir fibre and coir products;
• To generate employment in the rural areas of the coco nut producing States /Union Territories;
• To provide more employment opportunities for women in the rural sector for gender empowerment;
• To enhance the socio-economic conditions of the producers/workers engaged in the industry;
• To con tribute to inclusive growth of vulnerable sections of beneficiaries especially those belonging to Scheduled Castes (SC), Scheduled Tribes (ST) and North Eastern Region (NER);
• To give sufficient training to the rural youth of the coconut producing States with an eye on attracting them to the fold of coir sector.
• To provide backward/forward linkages to the unit holders to whom assistance is given under the Scheme.

Quantum and Nature of Financial Assistance

• The pattern of assistance under the Scheme is 40% of the project cost as Govt. of India subsidy, 55% as loan from Bank and 5% as beneficiary contribution
• Under the CUY Scheme, Marketing Support Assistance to the beneficiaries for the following interventions will also be considered.
• For providing financial assistance for establishing Marketing Consortium of CUY beneficiaries.
• For reimbursement of expenditure incurred for participation in fairs/exhibitions
• For hiring showroom spaces
• For reimbursement of salary of personnel employed in the Consortium

However, subsidy will be computed excluding working capital component.

Eligibility conditions of the Beneficiaries

• Any individual above 18 years of age with Indian Citizenship.
• There will be no income ceiling for assistance for setting up of project under Coir Udyami Yojana
• Assistance under the Scheme is only available for projects for the production of coir fibre /yarn/products etc. coming under coir sector.
• Assistance under the Scheme will be made available to individuals, Companies, Self Help Groups, Non Governmental Organizations, Institutions registered under Societies Registration Act 1860, Production Co - operative Societies, Joint Liability Groups and Charitable Trust. However the units that have already availed Govt. subsidy under any other Scheme of Govt. of India or State Govt. for the same purpose are not eligible to claim subsidy under the scheme.