Coir Udyami Yojana (CUY)
Ministry of Micro, Small and Medium Enterprises (MSME)Eligible coir enterprises can receive support under PMEGP, with the Coir Board helping identify and implement suitable coir projects under the scheme.
Eligibility Criteria
- Entrepreneurs engaged in the coir industry
- Eligible Applicants:
- Individuals, Self-Help Groups (SHGs), NGOs, Companies
- Institutions registered under the Societies Registration Act, 1860
- Production Co-operative Societies
- Joint Liability Groups (JLGs), Charitable Trusts
- Key Condition: Must be setting up a new coir-based unit/project
Benefits
- Project Cost Structure:
- Maximum project cost: ₹10 lakh + working capital
- Working capital capped at 25% of project cost (not eligible for subsidy)
- Funding Pattern:
- 40% subsidy (credit-linked)
- 55% bank credit
- 5% beneficiary contribution
- Key Advantage: Subsidy is released through bank financing, reducing upfront burden
How to Apply
- Obtain application form from: Coir Board offices, District Industries Centres (DICs), Coir Project Offices, Panchayati Raj Institutions, Approved nodal agencies
- Submit application: Directly to Coir Board field offices, or through DICs
- Application is reviewed and processed by the implementing agency
Documents Required
- Duly filled application form
- Project profile/report
- Proof of training (if applicable)
- Project & Asset Documents: Title deed/lease deed, Machinery invoice, Project plan and cost estimates
- Registration documents
- Personal identification documents
- Caste certificate (if applicable)
Important Disclaimer
We’ve simplified this scheme to help you understand it quickly. For the latest updates or detailed guidelines, you can always check the official government website.
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