Coir Industry Technology Upgradation Scheme

Objective

Credit support/New Enterprise creation

Key Benefits

• To establish new state of the art coir processing units
• To provide modern infrastructure facilities to the production units.
• Upper ceiling of Financial assistance will be Rs.2.50 crores.

Scheme applicable for

• Existing and Aspiring Entrepreneurs.

Detailed Information

The scheme aims at giving away assistance to the entrepreneurs for upgrading and/or procurement of eligible plant and machinery for modernization and thereby establishing a new unit that is capable of making an application for the larger investment in the coir sector. The financial assistance provided under this scheme will be set at 25% of the total cost of admissible items of ‘plant and machinery’ that are procured by the Coir units. All coir production or processing units that are registered with the ‘Coir Board’ under ‘Coir Industry’ (Registration) Rules 2008 and are having ‘Udyog Aadhar’ are eligible to apply for the financial assistance available under this scheme for modernization.

How to apply

Click Here to apply