The scheme aims at supporting the establishment of new 'State of the Art' Coir Processing Units, providing modern infrastructure facilities to the production units resulting in improvement of productivity and quality and creating more employment opportunities, especially for women in rural areas.
Financial assistance for procurement of eligible Plant and Machinery for modernisation, upgradation and / or establishing a new unit.
The financial assistance shall be 25% of the cost of admissible items of Plant and Machinery procured by the Coir units. The upper ceiling of the financial assistance will be INR 2.50 Cr per coir unit/ project.
The scheme would assist in development of domestic and export markets, provide skill development and training and empower women.
SCHEME APPLICABLE FOR
All coir production/ processing units registered with Coir Board under Coir Industry (Registration) Rules, 2008 and having Udyog Aadhar are eligible to apply for financial assistance for modernisation under this scheme.
A new unit which has applied for/availed of assistance under this scheme will have to complete 5 years of successful operation before applying for assistance under modernisation.
The financial assistance under this component will be available to entrepreneurs who have not availed any Central Government subsidy under PMEGP, CUY, DPI, TUF etc. for the same purpose.