Objectives of Coir Board

• To incorporate modern technology in Coir Industry for the production and processing of coir and coir products
• Update the production and processing technology to improve the productivity and product diversification.
• To create employment opportunities in the rural areas of the States /Union Territories producing coconut.

Coir Udyami Yojana Eligibility

Any coir project with a project cost up to 10 lakhs along with the working capital, which does not exceed 25% of total cost is acceptable for this scheme. In addition the following criteria must be fulfilled:

• This scheme can be availed only by the projects that come under coir sector, i.e., projects that manufacture coir fiber products.
• Applicant should be an Indian citizen above 18 years of age.
• There is no income ceiling to set up a project under this scheme.
• Individuals, Companies, Non-Governmental Organizations, Institutions registered under Societies Registration Act 1860, Production Co-operative Societies, Joint Liability Groups and Charitable Trust can apply to benefit from this scheme.

Amount of Subsidy

The scheme offers financial assistance in the following pattern. However, the working capital is not considered for subsidy.

1. Rate of Subsidy (of project cost) provided by Government of India - 40%

2. Bank credit - 55%

3. Beneficiary’s contribution for project - 5%