Coir Udyami Yojana (CUY)

Coir Udyami Yojana is a credit linked subsidy scheme for setting up of coir units with project cost upto Rs.10 lakhs plus one cycle of working capital, which shall not exceed 25% of the project cost. Working capital will not be considered for subsidy. 

Overview of Coir Udyami Yojana

Name	Coir Udyami Yojana
Also known as	CUY
Funded by	Central Government
Launched by	Government of India
Nodal Ministry	MMinistry of MSME
Objective	entrepreneurs in setting- up coir manufacturing units for a maximum project cost of up to Rs. 10 lakh.
Sector	Central sector scheme
Official website	https://www.coirservices.gov.in/Html_Files/CUY_SCHEME.htm

Objective and Benefits of Coir Udyami Yojana

The scheme main objective is to facilitate sustainable development of the Coir Industry in the country and is under the ambit of Minsitry of MSME.

•Maximum admissible cost of the project is 10 lakhs plus working capital, which shall not exceed 25% of the project cost. The banks shall consider composite loan instead of term loan to cater to the working capital requirements also. This should be exclusive of the Rs.10 lakhs limit proposed. However, the subsidy will be computed excluding the working capital component.

•Beneficiary’s contribution 5% of the project cost. 

•Bank credit Rate- 55%

•Rate of Subsidy- 40% of the project

How to apply for Coir Udyami Yojana

https://www.coirservices.gov.in/frm_login.aspx

External links

Schemes

https://www.merriam-webster.com/dictionary/scheme