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• Developing domestic and export of coir products ensuring remunerative returns to the Industry and Labour
producers and fair wages to the coir workers.

• Promoting Consortium approach in the production and marketing of coir products and
implementing schemes for welfare of coir workers.

• Promoting towns of export excellence in coir in areas of coir production.
• Dovetailing various schemes under the Govt. of India for infrastructure development and

modernization of coir industry.

Implementation of Central Schemes through Coir Board

3.139 Coir Department achieved 100 percent financial target for the Market Development Assistance
scheme for the sale of Coir and Coir Products during 2013- 14 spending an amount of 5.00 crore
released as 50 per cent Central assistance. However State has to explore more the opportunities of
other Central Schemes such as Scheme of Fund for Regeneration of Traditional Industries (SFURTI),
Rejuvenation, Modernisation and Technology Upgradation in Coir Industry (REMOT) and Skill Up
gradation and quality Improvement Scheme Such as Mahila Coir Yojana (MCY) implementing through
Coir Board. Central Sector Schemes being implemented by the Coir Board namely “Rejuvenation,
Modernization and Technology Up gradation”(REMOT) and “Coir Plan (General)” Scheme, have
been re-named by the Ministry of MSME, GOI as Coir Udyami Yojana (CUY) and Coir Vikas Yojana
(CVY) respectively to make it better understood by the Stakeholders. Coir Department have to plan
and implement schemes in association with Coir Board .

Coir Udyami Yojana (CUY)

3.140 This is a credited linked subsidy scheme in coir sector, aims to integrate and develop coir units.
The scheme provides 40% as Govt. subsidy, 55% as Bank loan and 5% beneficiary contribution for
setting up of coir units with project cost up to `10.00 lakh plus one cycle of working capital, which shall
not exceed 25% of the project cost. Working capital will not be considered for subsidy. Assistance is
available to individuals, companies, self help groups, NGOs, institutions registered under Societies
Registration Act, 1860, co-operative societies, joint liability groups and charitable trusts and there is
no income ceiling for the assistance.

Major schemes being implemented in Coir Sector during 2014-15

1. Regulated Mechanization of Coir Industry – The Scheme is intended to modernize the
industry and enhance the productivity and the amount sanctioned in the current financial year
is 70.59 crore.

2. Marketing, Publicity, Propaganda Trade Exhibitions and Assistance for Setting up of
Showrooms – An amount of 7.50 crore is set apart for the scheme and under this scheme
Coir Kerala-2015 – ‘an International fair on Natural fibre and allied Products’ will be
conducted at Alappuzha, in which buyers from many countries will be participated.

3. Price Fluctuation Fund- The scheme is intended to stabilize the price of coir fibre, yarn, and
coir products. 15.00 crore is the current year’s allocation.

4. Cluster Development Programme – The Scheme is intended for the formation of clusters as
per direction from Government. 2.50 crore is the current years allocation.

5. Coir Geo Textiles Development Programme – The scheme is intended for implementing
pilot projects for including Geo textilles as a standard engineering material. 0.30 crore is
current year’s allocation for the scheme.

Economic Review 2014