DEVELOPMENT OF PRODUCTION INFRASTRUCTURE SCHEME

Related Scheme

DEVELOPMENT OF PRODUCTION INFRASTRUCTURE SCHEME

Description

Financial assistance for setting up of coir units and modernisation of existing units. Under the Scheme the Board is extending subsidy to the tune of 25 % of the cost of equipments and other infrastructural facilities subject to a maximum of Rs. 6 lakhs for setting up of defibering unit, Rs. 4 lakh for Automatic Spinning Unit and Rs. 5 lakh for others. For a composite or a multiple unit the maximum ceiling of assistance would be Rs. 9 lakh. In the case of modernisation of existing unit the subsidy will be limited to 25 % of the cost of modernisation equipments and infrastructural facilities subject to a maximum of Rs. 2 lakh

Nature of assistance

Financial assistance is available for setting up of new units and modernization of existing units @ 25% of the cost of building, machineries and other infrastructural facilities .

Who can apply ?

Entrepreneurs who wish to start the Coir processing units and who wish to modernize the existing units

How to apply ?

The GM, DIC of the respective region is authorized to receive the application and documents as per the guidelines and the same will be processed, inspected, scrutinized and duly recommended to RO/Sub RO of the Board who in turns conduct the joint inspection along with the officer nominated by the Chairman Coir Board for assessing  the quantum of assistance and forward to HO for obtaining sanction from the competent authority