Coir Udyami Yojana

Last Updated at: December 22, 2020
244
Coir Udyami Yojana
The Indian coir industry is setting trends in the global market of late, thanks to the continuous awareness about environmental protection. Being a geo-textile fibre and biodegradable, coir is completely eco-friendly. Within a short period, its export increased considerably and it became a significant industry in boosting the Indian economy. Today, the Indian coir industry exports to around 72 countries.

 

Are you willing to start a coir business? Then, Coir Udyami Yojana will be the best method to get into your business with a lot of benefits.

Coir business is of high economic importance to the coconut manufacturing States of the country as the raw material for Coir industry, the coconut husk is accessible in abundance in areas of concentrated coconut cultivation and this can be utilised for the creation of employment and income to a sizab­le number of people with comparatively low expense.

What is Coir Udyami Yojana?

Coir Udyami Yojana (CUY) is a credit-linked subsidy scheme that supports managers in setting-up of coir manufacturing units for maximum project cost up to Rs. 10 lakh. The plan is the mix of payment and loan, subject to the small upfront contribution by the purchaser or owner of the unit. 

The start-up businessmen who are excited to establish the coir production unit can avail the advantage of this scheme. They can connect to any coir board of the state or preferred institute by the coir board. They can further apply online for getting subsidy and credit or loan under Coir Udyami Yojana by visiting their official website of the CUY scheme.

coir

How to Apply for Coir Udyami Yojana?

Applying for the Coir Udyami Yojana scheme is very easy and simple. You can avail the application form any of the following offices:

  • District Industrial Centre
  • Coir Board Offices
  • Nodal offices approved by the coir board
  • Panchayati Raj Institutions
  • Coir Project Offices
  • Coir Board Website (Direct Download)

The properly chosen application form along with required documents can be presented to the District Industrial Centres (DICs) or Coir Board field offices 

get legal advise 

You can also execute for the CUY scheme online by visiting its official website 

coir portal

Choose the plan and click on ‘Apply Online’. You will see a login portal that will need your login details if you are a registered user. If you are not an enrolled user then click on ‘New Login Registration’. After that, you need to register your basic information like mobile number, full name, Aadhar number, email ID, and security question and user name as per your decision. Finally, you can click on ‘Confirm’ to finish the registration process.

Eligibility Criteria for Coir Udyami Yojana (CUY)

Age Criteria Indian Citizen or resident above 18 years of age
Income Ceiling No special income ceiling capped
Scope of Eligible Project Production of coir fibre, yarn and finished products
Eligible Applicants
  • Any person (Only one individual per family)
  • NGO(Non-Government Organization)
  • Self Help Group
  • Registered Society
  • Charitable Trust
  • Joint Liability Group
Project Outline If the project has previously availed the payment under any other plan of central government or state

 

Why is Coir business famous in Kerala?

Kerala, popularly recognised as God’s own country that accounts for 61% of total coconut production and 85% of entire coir products. Moreover, Coir has come a great way from its small sources in the State of Kerala, centuries back. 

Now it is a professional and advanced industry, developed over the coastal belt of India. It is exciting to note that on a score, thousands of women in Alappuzha region of Kerala carry loads of coconut husk, cramming it into machines that adapt it into a useful thread daily.

coir

 Documents Required for Coir Udyami Yojana

  • In case of candidates other than an individual, the attested copy of bye-laws of the business has to be affixed with the application
  • The detailed performance of project price, including capital investment, appliances, machinery and building
  • Moreover, a detailed description of the working capital cycle and requirement, in case the candidate wishes to avail working capital loan from the bank, without payment
  • KYC reports of single applicant: License proof and Residential proof
  • Appropriate certification documents in case of non-individual candidates
  • Business documents of the suggested location for the coir production unit
  • Further, Proof of coir industry knowledge
  • Certificate of EDP (Entrepreneurship Development Program) education and training
  • Moreover, industrial establishment certificate (Issued by DIC)
  • Plan and Estimate of civil production and construction work. The plan has to be approved by the Charter Engineer

Benefits and Features of Coir Udyami Yojana (CUY)

  • The maximum coir scheme cost under Coir Udyami Yojana is up to Rs. 10 lakh in which the value of working capital is not involved in the project cost
  • Moreover, the project cost including one working capital cycle that shall not surpass 25% of the project cost
  • Further, the scheme is started by the Central government to build micro and small level coir systems in the country
  • Further, only 5% of the project value has to be paid by the applicant, initially
  • The applicant can get the 40% subsidy from the government of the scheme or project cost
  • Further, the remaining 55% of the project cost is given in the form of a loan at the concessional phrases
  • The project cost includes every kind of capital investments. But, working capital is not counted for the loan and payment
  • Businesses, NGOs, Registered Society, Self-Help Group, Production Co-Operative Society, People, and Charitable Trust can make use of this scheme

Choose the plan and click on ‘Apply Online’. You will see a login portal that will need your login details if you are a registered user. If you are not an enrolled user then click on ‘New Login Registration’. After that, you need to register your basic information like mobile number, full name, Aadhar number, email ID, and security question and user name as per your decision. Finally, you can click on ‘Confirm’ to finish the registration process.

 

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Coir Udyami Yojana

244
The Indian coir industry is setting trends in the global market of late, thanks to the continuous awareness about environmental protection. Being a geo-textile fibre and biodegradable, coir is completely eco-friendly. Within a short period, its export increased considerably and it became a significant industry in boosting the Indian economy. Today, the Indian coir industry exports to around 72 countries.

 

Are you willing to start a coir business? Then, Coir Udyami Yojana will be the best method to get into your business with a lot of benefits.

Coir business is of high economic importance to the coconut manufacturing States of the country as the raw material for Coir industry, the coconut husk is accessible in abundance in areas of concentrated coconut cultivation and this can be utilised for the creation of employment and income to a sizab­le number of people with comparatively low expense.

What is Coir Udyami Yojana?

Coir Udyami Yojana (CUY) is a credit-linked subsidy scheme that supports managers in setting-up of coir manufacturing units for maximum project cost up to Rs. 10 lakh. The plan is the mix of payment and loan, subject to the small upfront contribution by the purchaser or owner of the unit. 

The start-up businessmen who are excited to establish the coir production unit can avail the advantage of this scheme. They can connect to any coir board of the state or preferred institute by the coir board. They can further apply online for getting subsidy and credit or loan under Coir Udyami Yojana by visiting their official website of the CUY scheme.

coir

How to Apply for Coir Udyami Yojana?

Applying for the Coir Udyami Yojana scheme is very easy and simple. You can avail the application form any of the following offices:

  • District Industrial Centre
  • Coir Board Offices
  • Nodal offices approved by the coir board
  • Panchayati Raj Institutions
  • Coir Project Offices
  • Coir Board Website (Direct Download)

The properly chosen application form along with required documents can be presented to the District Industrial Centres (DICs) or Coir Board field offices 

get legal advise 

You can also execute for the CUY scheme online by visiting its official website 

coir portal

Choose the plan and click on ‘Apply Online’. You will see a login portal that will need your login details if you are a registered user. If you are not an enrolled user then click on ‘New Login Registration’. After that, you need to register your basic information like mobile number, full name, Aadhar number, email ID, and security question and user name as per your decision. Finally, you can click on ‘Confirm’ to finish the registration process.

Eligibility Criteria for Coir Udyami Yojana (CUY)

Age Criteria Indian Citizen or resident above 18 years of age
Income Ceiling No special income ceiling capped
Scope of Eligible Project Production of coir fibre, yarn and finished products
Eligible Applicants
  • Any person (Only one individual per family)
  • NGO(Non-Government Organization)
  • Self Help Group
  • Registered Society
  • Charitable Trust
  • Joint Liability Group
Project Outline If the project has previously availed the payment under any other plan of central government or state

 

Why is Coir business famous in Kerala?

Kerala, popularly recognised as God’s own country that accounts for 61% of total coconut production and 85% of entire coir products. Moreover, Coir has come a great way from its small sources in the State of Kerala, centuries back. 

Now it is a professional and advanced industry, developed over the coastal belt of India. It is exciting to note that on a score, thousands of women in Alappuzha region of Kerala carry loads of coconut husk, cramming it into machines that adapt it into a useful thread daily.

coir

 Documents Required for Coir Udyami Yojana

  • In case of candidates other than an individual, the attested copy of bye-laws of the business has to be affixed with the application
  • The detailed performance of project price, including capital investment, appliances, machinery and building
  • Moreover, a detailed description of the working capital cycle and requirement, in case the candidate wishes to avail working capital loan from the bank, without payment
  • KYC reports of single applicant: License proof and Residential proof
  • Appropriate certification documents in case of non-individual candidates
  • Business documents of the suggested location for the coir production unit
  • Further, Proof of coir industry knowledge
  • Certificate of EDP (Entrepreneurship Development Program) education and training
  • Moreover, industrial establishment certificate (Issued by DIC)
  • Plan and Estimate of civil production and construction work. The plan has to be approved by the Charter Engineer

Benefits and Features of Coir Udyami Yojana (CUY)

  • The maximum coir scheme cost under Coir Udyami Yojana is up to Rs. 10 lakh in which the value of working capital is not involved in the project cost
  • Moreover, the project cost including one working capital cycle that shall not surpass 25% of the project cost
  • Further, the scheme is started by the Central government to build micro and small level coir systems in the country
  • Further, only 5% of the project value has to be paid by the applicant, initially
  • The applicant can get the 40% subsidy from the government of the scheme or project cost
  • Further, the remaining 55% of the project cost is given in the form of a loan at the concessional phrases
  • The project cost includes every kind of capital investments. But, working capital is not counted for the loan and payment
  • Businesses, NGOs, Registered Society, Self-Help Group, Production Co-Operative Society, People, and Charitable Trust can make use of this scheme

Choose the plan and click on ‘Apply Online’. You will see a login portal that will need your login details if you are a registered user. If you are not an enrolled user then click on ‘New Login Registration’. After that, you need to register your basic information like mobile number, full name, Aadhar number, email ID, and security question and user name as per your decision. Finally, you can click on ‘Confirm’ to finish the registration process.

 

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