Coir Board is implementing the plan scheme ‘Development of Production Infrastructure’ with the objective of providing modern infrastructure facilities to coir production units, resulting in improvement of productivity and quality and also in creation of employment opportunities especially for women in the rural areas. It also aims the establishment of new “State of the Art” Coir Processing Units, Spread of the industry to potential areas, Enhanced utilization of available raw material, Attracting new generation entrepreneurs to the industry , Modernisation of existing unit, Production of high value customer oriented products, Make the Coir Industry competitive, Adoption of eco friendly production techniques and Achieve the target of a pollution free coir industry with technological advancements.
Under the DPI scheme the Coir Board financial assistance is provided for setting up of coir units with a project cost up to Rs. 10 lakhs in the country. Subsidy will be provided @ 25% of the project cost subject to a maximum of Rs. 6 lakh for setting up of De-fibering Unit, Rs.4 lakh for Automatic Spinning Unit and Rs.5 lakh for others, including Coir Pith Unit. For a Composite or a Multiple Unit, the maximum monetary ceiling of assistance would be Rs. 9 lakh. For calculation of subsidy amount, the cost of building will be restricted to a maximum of Rs. 8 lakh for De- fibering and coir pith units and Rs. 6 lakhs for others including Automatic spinning Unit.
All new coir processing units registered with Coir Board under Coir Industry (Registration) Rules, 2008 and registered with the DIC of the respective region of the entire coir sector of the country with project cost exceeding Rs.10/- lakh each or more than the ceiling fixed in Coir Udyami Yojana Scheme are eligible for assistance under the scheme.
The unit shall submit the application in the prescribed format for grant of financial assistance for new units under the scheme within 6 months from the date of commencement of production of the unit. The date of commencement of production should be supported by a certificate issued by the General Manager, DIC of the respective area.
