Scheme for providing financial assistance to Coir units under Coir Udyami Yojana(CUY)
Livelihood
Trade
Ministry of Micro, Small and Medium Enterprises
This is a credit linked subsidy scheme for setting up of Coir Units with project cost upto Rs.10.00 lakhs plus one cycle of working capital which shall not exceed 25% of the project cost. Working Capital will not be considered for subsidy("All schemes for MSME", n.d.).
The funding pattern of the Scheme is: Bank Loan / Credit Role - 55% Government Grant (Margin Money – subsidy) - 40% Beneficiaries Contribution - 5%("All schemes for MSME", n.d.).
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(CUY) Scheme.
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 will be made available to individuals, Companies, Self Help Groups, NGO, Institutions registered under Societies Registration Act 1860, Production Co-operative Societies, Joint Liability Groups and Charitable Trust. The SC/ST, Women, NER and Andaman and Nicobar Island and Lakswadweep beneficiaries will be given priority("All schemes for MSME", n.d.)."
Coir Board – Head Office
n.a.
n.a.
“Coir House”, M.G. Road, Kochi 682 016
coirboard@nic.in info@coirboard.org
0484-2351807/0484-2351788/0484-2351954
0484-2370034/0484-2354397