coirboard.gov.in Coir Udyami Yojana : Micro, Small & Medium Enterprises

Organisation : Micro, Small & Medium Enterprises
Scheme Name : Coir Udyami Yojana
Applicable For : Entrepreneur
Website : http://coirboard.gov.in/
Terms & Conditions : https://www.statusin.in/uploads/24918-CUY.pdf

Coir Udyami Yojana :

Government of India has approved the continuation of the credit linked subsidy scheme called Rejuvenation, Modernization and Technology Upgradation of the Coir Industry (renamed as Coir Udyami Yojana) to facilitate sustainable development of the Coir Industry in the country.

Related : MSME Coir Vikas Yojana : www.statusin.in/24906.html

This will in turn generate more employment opportunities especially for women and the weaker sections of people in rural areas. Coir Udyami Yojana will be a Central Sector Scheme to be administered by the Ministry of Micro, Small and Medium Enterprises.

The Scheme will be implemented by Coir Board a statutory organization under the Ministry of MSME as the Nodal Agency at the national level.

At the State level the scheme will be implemented through Board’s Regional Offices, Sub Regional Offices, Coir Mark Scheme Office and District Industries Centres, Coir Project Offices, Banks and such other offices.

The Government subsidy under the scheme released to Coir Board will be routed through the identified banks for eventual distribution to the beneficiaries/entrepreneurs in their bank accounts.

The Implementing Agencies viz. Coir Board Offices, DIC, Coir Project Offices etc will associate with reputed Non Governmental Organizations (NGOs) / reputed Autonomous Institutions / National Small Industries Corporation / Panchayathi Raj Institutions and other relevant bodies in the implementation of the Scheme especially in the area of identification of beneficiaries, area of specific viable projects and providing training in Entrepreneurship Development, verification of units established under the Scheme.

Objectives of the Scheme The main objectives of the scheme are as under :
(i) To modernize Coir Industry by adoption of modern technology in production and processing of coir and coir products;
(ii) Upgradation of the production and processing technology for improving the productivity, quality and product diversification;

(iii) To increase the efficiency and productivity for enhancing the earnings of the workers engaged in the sector;
(iv) To enhance the utilization of coconut husk and for increasing the production of coir fibre and coir products;

(v) To generate employment in the rural areas of the coconut producing States/Union Territories;
(vi) To provide more employment opportunities for women in the rural sector for gender empowerment;

(vii) To enhance the socio-economic conditions of the producers/workers engaged in the industry;

(viii) To contribute to inclusive growth of vulnerable sections of beneficiaries especially those belonging to Scheduled Castes (SC), Scheduled Tribes (ST) and North Eastern Region (NER);

(ix) 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.
(x) To provide backward/forward linkages to the unit holders to whom assistance is given under the Scheme.

Eligibility conditions of the Beneficiaries :
i) Any individual above 18 years of age with Indian Citizenship.
ii) There will be no income ceiling for assistance for setting up of project under Coir Udyami Yojana.

iii) Assistance under the Scheme is only available for projects for the production of coir fibre /yarn/products etc. coming under coir sector.

iv) 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.

Other eligibility conditions :
i) Certified copy of the caste/community certificate issued by the competent authority in the case of other special categories, is required to be produced by the beneficiary along with the application form.

ii) A certified copy of the bye laws of the institution is required to be appended along with the application wherever necessary
iii) The project cost will include capital expenditure ie. Building and Machinery.

iv) The applicants will have the option to include one cycle of working capital also in the project proposal. However the working capital will not be considered for subsidy.

The bank can consider approval of the project and loan shall be given to the working capital also without considering any grant for the same.

The loan for working capital shall be sanctioned and released only after setting up of the unit. In no case the working capital included in the project shall exceed more than 25% of the project cost.

v) If the beneficiary is already having the workshed the component of required machinery will alone constitute the project cost as per the scheme