Coir Udyami Yojana (CUY): The Central Government of India has launched ‘Coir Udyami Yojana'(CUY) to increase entrepreneurship in the country. Under this scheme, the government provides loans on easy terms to start a business. The government also provides subsidies along with the loan. The government provides a subsidy of up to 40 percent and loan at up to 55 percent at low-interest rates. According to CUY, the government provides some additional facilities besides subsidies and loans.
What Is CUY
Coir Board works under Ministry of Micro, Small and Medium Enterprises (MSME). The products made by Coir are promoted by the board. The Coir Udyami Yojana (CUY) has been started by the board in which credit linked subsidies are given to the projects of upto 10 lakh.
If anyone wants to start his business, then he can apply for this scheme after having only 5%. The bank will provide 55 percent loan for 7 years, while 40 percent subsidy is given by the Coir board.
Services Under CUY
The government also provides some additional services.
- The board also provides marketing support assistance. It means that all the entrepreneurs who are doing Coir business are created a cluster by adding them together and they are also provided marketing support.
- Not only that, if someone goes to the exhibitions or fairs for the marketing of his product, all the expense is borne by the board.
- Board also helps in hiring the showroom.
- The salaries of the workers working in the cluster are given by the board.
Following Products Can Be Made
- Floor Mates
- Door Mates
- Floor Tiles
- Foam Mattress
As we know, the use of mattresses is increasing in the urban lifestyle, so that this Scope of business is considerable. Moreover, it is now also being used in textiles. Different products can be made by the Coir fiber such as rope, cooler grass etc.
Eligibility Criteria For Coir Udyami Yojana (CUY)
Any individual, company, self-help groups, NGOs, Society, Co-operative Society, Joint Group, Charitable Trust can apply for this scheme.
How To Apply For Coir Udyami Yojana
Interested and eligible can apply for this scheme at Coi Board Office, District Industry Center, Coi Project Office, Penchants and the Agencies approved by Board.
If you want to apply for this scheme, you will have to visit first http://coirservices.gov.in/ official website.
After reach at home page, choose your field and click on “Apply Online” link
After that, you will see a login page use your login id and password which have entered at the time of registration.
If you are not registered user then click on “New Login Registration”.
After that, enter your basic details like – Name, Aadhar Card Number, Mobile Number, Email ID, Security Question and enter username as you want.
Finally, click on “Confirm” button to complete the registration process.