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.

Comments

Popular posts from this blog

Wildlife sanctuaries in Assam

UPSC topper #3 Nidhi Gupta Congratulations - TIAS