The Government has launched a new Central Sector Scheme of 'Rejuvenation, Modernization & Technology Up- gradation of the Coir Industry' during March, 2008 for implementation during XI Plan with a total outlay of Rs. 243 crore involving a government grant of Rs. 99 crore, beneficiary contribution of Rs. 12 crore and a term loan of Rs. 132 crore from Banks.
Under the Scheme, financial assistance is provided @ 40% of the project cost subject to a maximum of Rs. 80,000/- per spinning unit and a maximum of Rs. two lakh per tiny/household unit.
During 2007-08 (3rd week of March, 2008), Government released an amount of Rs. 9 crore to the Coir Board, a statutory body under the Ministry of MSME for implementation of the Scheme.
State-wise details of funds released by the Coir Board to various banks, for providing subsidy to the eligible coir units under the Scheme, are given below:
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Press Information Bureau Government of India
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