Did you know that the coir industry employs more than 7 lakh workers across all the principal coconut-producing states in India? This labor-intensive industry is majorly export-oriented and has earned the nation a whopping Rs 2,192 crores of foreign exchange until 2019.<\/p>\n\n\n\n
To further promote the coir industry\u2019s workings, the Government of India introduced the COIR Udyami Yojana. <\/p>\n\n\n\n
This credit-linked subsidy scheme is a mix of business loan<\/a> and interest subsidy offered by the Central Government to aid entrepreneurs in setting up coir units. Project costs up to Rs. 10 lakhs and one cycle of working capital (that should not exceed 25% of the project cost) will be covered under this scheme.<\/p>\n\n\n\n Also called CUY, this Yojana launched and implemented by the Coir Board and the Ministry of MSME, meant good news to all families that derive their income from this activity.<\/p>\n\n\n\n Here\u2019s everything you need to know about the scheme.<\/p>\n\n\n\n Additional Read:<\/strong> How to Get a Small Business Loan from the Government<\/a><\/p>\n\n\n\n The following individuals and organizations are deemed eligible for the scheme:<\/p>\n\n\n\n Please note that if you already own any other enterprise for which you have availed government subsidies under any central or state government schemes, you will not be eligible to claim assistance under this Yojana.<\/p>\n\n\n\n Offline applications can be collected from your nearest Coir Board office, district industry centre, Coir Project Office, Panchayati Raj Institution or the Nodal agency offices approved by the Coir board. You can find the contact details of these centres here<\/a>.<\/p>\n\n\n\n Additional Read:<\/strong> How to Submit Your Business Loan Documents like a Pro and Get Them Approved?<\/a><\/p>\n\n\n\n Not sure if you qualify to avail the benefits of this scheme but still want business finance at attractive business loan interest rates<\/a>? Well, then turn to Tata Capital \u2013 one of India\u2019s most reputed lending institutions!<\/p>\n\n\n\n With our flexible repayment terms, speedy processing, competitive interest rates, minimal paperwork and relaxed business loan eligibility criteria, you will indeed find a loan offer that suits your pocket. Here is what we recommend; before applying for business finance with us, log on to our website, read the eligibility requirements, use a business loan EMI calculator<\/a> to accurately evaluate your potential EMIs, and apply.<\/p>\n\n\n\nFeatures of the scheme<\/strong><\/h2>\n\n\n\n
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Eligibility criteria<\/strong><\/h2>\n\n\n\n
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How to apply?<\/strong><\/h2>\n\n\n\n
Documentation required<\/strong><\/h2>\n\n\n\n
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In conclusion<\/strong><\/h2>\n\n\n\n