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.
Upper ceiling of the financial assistance will be Rs.2.50 crores per coir unit/ project.
Subsidy
To whom / eligible ?
To whom?
Eligibility
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 modernisation under this scheme. A new unit which has applied for/availed of
assistance under this component. scheme will have to complete 5 years of successful operation before applying for assistance under modernisation.
