Objectives of the Coir Vikas Yojana Scheme

• To help in establishing new state-of-the-art Coir Processing Units.
• The help in better usage of existing raw materials.
• To help women get better employment opportunities. Emphasis is given to women who live in rural areas.
• To update existing coir units.
• To help in the production of products that are of high value to customers.
• To help in the adoption of techniques that are eco-friendly.
• To improve quality and productivity by modernising the infrastructure facilities of the production units.
• To help in bringing up the industry in the areas which have potential.
• To help bring in new generation entrepreneurs into the industry.
• To promote the usage of information technology in the industry.
• To help in making the Coir Industry more competitive by implementing modern technology.
• To use technology advancements to make the Coir Industry pollution-free.

Nodal Agency

The Nodal Agency of the scheme is the Coir Board, Kochi. The implementation of the scheme will be via Regional or Sub Regional training centres or offices of the board. The monitoring of the scheme is done by the Coir Board. The Head Office of the board furnishes monthly, quarterly, half-yearly, and yearly reports to the Ministry of Micro, Small, and Medium Enterprises. The Central Institute of Coir Technology and Central Coir Research Institute provides technical intervention whenever necessary.

Eligibility 

Any new coir processing or producing units will be eligible for financial assistance under the scheme. Coir producing or processing units that are registered under the Coir Board and have a Udyog Aadhaar will be able to avail financial assistance for modernization under this scheme. Only on completing 5 years of successful operation can a new unit which has applied for assistance will be able to apply for assistance under modernization.

Amount or percentage of subsidy:

The Coir Board provides 75% cost of motorised Ratt/motorised traditional Ratt as one-time subsidy, subject to a ceiling of 7,500 in the case of motorised Ratt and 3,200 for motorised traditional and Electronic Ratt.                                              

The stipend per trainee for the skill development programmes will be limited to Rs.1000/- per month and in the case of training programmes of less than one-month duration, stipend will be disbursed on pro-rata basis. The honorarium for the trainer will be limited to Rs. 6,000/- per month. An amount of Rs.400/- per head per month will be provided as financial assistance to the training sponsoring agency to meet the operational cost of the training for raw material, power charges, other incidentals etc.