Coir Udyami Yojana (CUY)
This is a credit linked subsidy scheme for setting up of coir units with project cost upto Rs.10 lakhs plus one cycle of working capital, which shall not exceed 25% of the project cost. Working capital will not be considered for subsidy.
Nature of Assistance:
Maximum admissible cost of the project is 10 lakhs plus working capital, which shall not exceed 25% of the project cost.
Beneficiary's contribution 5% of the project cost
Bank credit 55%.
Rate of Subsidy 40% of the project
Who can apply:
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,
How to apply:
Click on Apply Now button to Apply Online Or the applications can be collected from Coir Board Offices, District Industries Centres, Coir Project Offices, Panchayati Raj Institutions and the Nodal Agencies approved by the Board for this purpose and have to be submitted directly to the Coir Board Field Offices or through the DICs.
Objectives of the Scheme
To modernize Coir Industry by adoption of modern technology in production and processing of coir and coir products;
Upgradation of the production and processing technology for improving the productivity, quality and product diversification;
To increase the efficiency and productivity for enhancing the earnings of the workers engaged in the sector;
To enhance the utilization of coconut husk and for increasing the production of coir fibre and coir products;
To generate employment in the rural areas of the coconut producing States/Union Territories;
To provide more employment opportunities for women in the rural sector for gender empowerment;
To enhance the socio-economic conditions of the producers/workers engaged in the industry;
To contribute to inclusive growth of vulnerable sections of beneficiaries especially those belonging to Scheduled Castes (SC), Scheduled Tribes (ST) and North Eastern Region (NER);
To give sufficient training to the rural youth of the coconut producing States with an eye on attracting them to the fold of coir sector.
To provide backward/forward linkages to the unit holders to whom assistance is given under the Scheme.
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