A new component namely “Coir Industry Technology Upgradation Scheme (CITUS)” has been introduced replacing the earlier component i.e. “Development of Production Infrastructure” of Coir Vikas Yojana for giving away assistance to the entrepreneurs for procurement of eligible Plant & Machinery for modernization, upgradation and/or establishing a new unit on making application for the purpose to go for larger investment in the coir sector. 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 Rs.2.50 crores per coir unit/ project.
Nature of assistance:
The financial assistance shall be 25% of the cost of admissible items of Plant and Machinery procured by the Coir units for modernization, upgradation and/or establishing a new unit. The upper ceiling of the financial assistance will be Rs.2.50 crores per coir unit/ project.
Who can apply?
All coir production/processing units newly established will be eligible to apply for assistance. 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 modernization under this scheme.
How to apply?
The applicant/beneficiary unit seeking assistance under this component shall file applications online with all relevant details /documents prescribed.
Whom to contact?
Joint Director (Planning), Coir Board
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