Coir Udyami Yojana (CUY): Coir Udymi Yojana (CUY) is a credit-linked subsidy program of the central government. It helps small business owners start cow dung production projects with expenses up to 10 lakh rupees.
It includes a cycle of working capital, which should not exceed 25% of the project expenditure. The government provides a 40% subsidy on the project expenditure, while the entrepreneur contributes a small portion.
Summary of the Coir Udyami Yojana
| Scheme Name | Coir Udyami Yojana (CUY) |
| Launched By | Central Government |
| Purpose | To grow the Coir industry |
| Subsidy | 40% of project cost |
| Who can Benefit | Coir Entrepreneurs |
| Application Mood | Online/Offline |
Key Benefits of the Coir Udyami Scheme
Subsidized and easy loans for setting up a small Koyar business.
You only need to invest 5% of the project cost as an advance.
The government provides a 40% subsidy on your project cost.
The loan covers 55% of the project cost with easy terms.
The project cost is limited to 10 lakh taka (working capital is treated separately).
Who is Eligible for Coir Udyami Scheme
Eligibility criteria for beneficiaries:
- The scheme is open to any individual who is over 18 years of age and holds Indian citizenship.
- There will be no income ceiling for assistance under the Khadi Entrepreneurship Scheme for project establishment.
- Under this scheme, assistance will be provided only for the production of Khadi fiber/yarn/products, etc.
- Under this scheme, assistance will be provided to individuals, institutions, self-reliant groups, private organizations, institutions registered under the Societies Registration Act 1860, production cooperative societies, joint liability groups, and charitable trusts.
- However, any organization that has already received a subsidy under any scheme of the central or state government will not be eligible to claim a subsidy under this scheme.
Required Documents for Coir Udyami Yojana
Your required documents are:
If you represent any organization, submit a certified copy of its bylaws.
A report showing the need for your working capital for bank approval.
Ethnic certificate if applying under a reserved category.
Detailed project cost estimates including building, machinery, and capital expenditure.
KYC documents such as Aadhaar card and proof of address for individuals.
How to Register Online for the Coir Udyami Yojana?
- Visit the official website of the Coir Board.
- Click on Apply Now.
- Select ‘New Login Registration’.
- Fill your name, Aadhaar number, mobile number, email, and security questions.
- Click Confirm’ to complete the resistration.
How to Apply Offline for the Coir Udyami Yojana?
- Go to your nearest Jute Board office, District Industries Center, or other designated offices.
- Please acquire the application form with all the necessary details and complete it.
- Attach the required documents and submit the form to the officials.
- After review, you will be notified if your application is approved.
Final Thought: The Coir Udyami Yojana supports entrepreneurs by providing financial and training assistance, helping them grow their business in the coir sector. IF you are looking for financial support for your enterprise, an unsecured business loan from SMFG India Credit could be a great option