About this business scheme
Coir Udyami Yojana provides financial support to individuals for setting up coir units with project costs up to Rs. 10,00,000. The official listing gives no last date, so check the official portal for the current status before applying. Interested applicants should apply offline at their nearest Coir Board office.
The Coir Udyami Yojana is a government initiative aimed at modernizing the coir industry and creating jobs in rural areas. It is run by the Ministry of Micro, Small and Medium Enterprises.
This scheme offers credit-linked financial assistance to individuals who wish to establish coir units. The financial support can help applicants set up their businesses and contribute to the local economy.
By encouraging entrepreneurship in the coir sector, this scheme plays a crucial role in enhancing rural livelihoods and promoting sustainable practices.
Benefits at a glance
| Scheme name | Coir Udyami Yojana (CUY) |
|---|---|
| Launched by | Ministry Of Micro, Small and Medium Enterprises |
| Benefit | Coir Udyami Yojana provides financial support to individuals for setting up coir units with project costs... |
| Benefit type | Cash (money paid to your bank account) |
| Category | Business |
| Level / State | Central · All India |
| Official portal | coirservices.gov.in (link at the end of this page) |
Key facts
| Scheme type | Central Sector Scheme |
|---|---|
| Implementing agency | ARI Division, MoMSME |
| Scheme for | Individual |
| Application mode | Offline |
| Last date | Not given in the official listing |
| DBT (direct bank transfer) | No |
| Direct Bank Transfer | No |
| Special Focus | Encourages SC/ST and North Eastern Region beneficiaries |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18+ years
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Beneficiary's contribution: 5% of project cost
- Bank credit: 55% of project cost
- Subsidy: 40% of project cost (excluding working capital)
The subsidy is paid after the bank approves the loan and is credited to the beneficiary's loan account as a Term Deposit Receipt for 2 years.
Who qualifies
- I am an individual aged 18 years or older.
- I am an Indian citizen.
- I will set up a project in the coir sector.
- I have not availed a government subsidy for the same purpose before.
- If applying as an institution, I can provide the necessary documents.
Who is not eligible
- I have already received a subsidy from another government scheme for the same purpose.
- My application includes inflated costs for machinery or building.
Papers to keep ready
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Registration walkthrough
- Fill out the prescribed application form and attach required documents.
- Submit the application at the nearest Coir Board Field Office.
- Complete a mandatory 5-day Entrepreneurship Development Programme.
- The application will be scrutinized and forwarded to the Regional Level Selection Committee.
- Upon approval, deposit the 5% beneficiary contribution within 30 days.
- Coir Board will deposit the subsidy with the bank.
- The bank will disburse the loan within 30 days after subsidy deposit.
- Complete the project within 6 months.
- Coir Board and bank will verify the project before final subsidy adjustment.
To check the status of your application, contact the Coir Board office or the bank where you applied.
Real-life examples: are you eligible?
A quick way to gauge your eligibility: find the profile nearest to yours.
Every case differs. Confirm your eligibility on the official portal before applying.
- Not submitting all required documents, leading to application rejection.
- Inflating project costs to receive a higher subsidy.
- Applying without completing the mandatory Entrepreneurship Development Programme.
- Not depositing the beneficiary contribution on time.
- Submitting an application for a project already funded by another subsidy.
Frequently asked questions
Is there an age limit to apply?
Yes, applicants must be at least 18 years old.
Who monitors the scheme?
The Coir Board and the concerned bank monitor the implementation.
What is the maximum project cost?
The maximum project cost is Rs. 10,00,000.
Can I apply if I have received a subsidy before?
No, if you have received a subsidy from another scheme for the same purpose, you cannot apply.
What happens if I do not complete my project on time?
The subsidy may not be adjusted if the project is not completed within 6 months.
Is there any support for women and youth?
Yes, the scheme encourages participation from women and youth in rural areas.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines coirboard.gov.in (PDF)
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
Drafted with AI tools from the official listing. Every number and date is checked automatically against the official text; confirm the details on the official portal before applying.
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