How to Apply Online for Coir Udyami Yojana (CUY)-Complete Details
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 upto 40 percent and loan at upto 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 Matress
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 CUY
Interested and eligibles can apply for this scheme at Coi Board Office, District Industry Centre, Coi Project Office, Panchayats and the Agencies approved by Board.
You can also apply online for this scheme. Log in to http://coirservices.gov.in/frm_login.aspx