Coir Udyami
Yojana
The Coir Udyami Yojana is
a credit linked subsidy scheme in the coir sector. The pattern of financial
assistance under the scheme is 40% of the project cost as Government of India
subsidy, 55% as loan from Bank and 5% beneficiary contribution. The Scheme
covers any type of coir project with project cost upto Rs.10 lakhs plus working
capital, which shall not exceed 25% of the project cost. However the working
capital shall not be considered for subsidy. The loan under the Scheme is
without collateral/third party guarantee. It is open 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.
The Coir Udyami Yojana does not provide skill up-gradation. But the entrepreneurs under CUY can participate in exhibitions etc. by forming Marketing Consortia for which an amount of Rs.10 Crores is earmarked in the Scheme. The Board is providing Skill Development Training and organizing seminars etc. under the Scheme Skill Development and Mahila Coir Yojana.
The Coir Udyami Yojana does not provide skill up-gradation. But the entrepreneurs under CUY can participate in exhibitions etc. by forming Marketing Consortia for which an amount of Rs.10 Crores is earmarked in the Scheme. The Board is providing Skill Development Training and organizing seminars etc. under the Scheme Skill Development and Mahila Coir Yojana.
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