New Delhi, Dec 14 (KNN) The Coir Udyami Yojana is a credit linked subsidy scheme in the coir sector, but does not provide skill up-gradation, Parliament was informed today.
 
The pattern of financial assistance under the scheme is 40% of the project cost as Government of India subsidy, 55% as loan from Bank and 5% beneficiary contribution, said Minister of State for Micro, Small and Medium Enterprises (MSME), Giriraj Singh.
 
The Scheme covers any type of coir project with project cost upto Rs.10 lakhs plus working capital, which shall not exceed 25% of the project cost. However the working capital shall not be considered for subsidy.
 
The loan under the Scheme is without collateral/third party guarantee. It is open to individuals, companies, Self Help Groups, Non-Governmental Organizations, Institutions registered under Societies Registration Act 1860, Production Co-operative Societies, Joint Liability Groups and Charitable Trust.
 
The Coir Udyami Yojana does not provide skill up-gradation.
 
“But the entrepreneurs under CUY can participate in exhibitions etc. by forming Marketing Consortia for which an amount of Rs.10 Crores is earmarked in the Scheme. The Board is providing Skill Development Training and organizing seminars etc. under the Scheme Skill Development and Mahila Coir Yojana,” Singh said this in a written reply to a question in Lok Sabha here today. (KNN Bureau)