Coir Vikas Yojana (CVY) is a flagship scheme from the Ministry of MSME, implemented through the Coir Board, designed to help you boost your coir business. This scheme focuses on skill development, technological advancement, women empowerment, and financial assistance, all aimed at helping you modernize your coir production. By joining CVY, you can build a sustainable livelihood for yourself and your community, with special support for rural entrepreneurs and women like you.

In this Scheme:

What is the Coir Vikas Yojana?
Objectives of Coir Vikas Yojana
Key Features of the Coir Vikas Yojana
Financial Assistance Offered Under the Coir Vikas Scheme
Eligibility Criteria for Coir Vikas Yojana
Documents Required for Coir Vikas Yojana
How to Apply for the Coir Vikas Yojana?
Benefits of Coir Vikas Yojana
Real-World Examples of Coir Vikas Yojana
Related Government Support Plans with Coir Vikas Yojana
Final Words

If you are a new MSME owner in the coir sector, the Coir Vikas Yojana is designed just for you. This scheme helps you utilize abundant raw materials, upgrade your skills, and modernize your production units. CVY supports you in setting up new coir businesses, adopting eco-friendly technologies, and expanding your market reach. It also offers welfare and social security benefits for your workers. With dedicated programs for women and rural entrepreneurs, Coir Vikas Yojana is your gateway to a thriving coir business.

Let’s understand how this scheme can help your business.

What is the Coir Vikas Yojana?

Launched by the Ministry of MSME and implemented by the Coir Board, Coir Vikas Yojana is an umbrella scheme aimed at the holistic development of the coir industry across India. The scheme was introduced to increase raw material utilization, promote modern machinery, empower women, and create employment opportunities, especially in rural and coastal areas.

Objectives of Coir Vikas Yojana

You get support to set up new, innovative coir processing units.
You can upgrade technology in your existing coir units for better efficiency.
If you are a woman, especially from a rural area, you receive better employment opportunities and special support.
You are encouraged to create high-value coir products for users.
You can expand your business into new and potential areas for coir production.
You get help to adopt eco-friendly and pollution-free production techniques.
As a new-age entrepreneur, you are supported to enter and grow in the coir industry.
You can improve productivity and quality by modernizing your unit’s infrastructure.
You are empowered to make your coir business more competitive by using innovative technology.

Key Features of the Coir Vikas Yojana

Provides financial assistance for setting up new coir units and upgrading existing ones.
Offers training and skill development programs, especially for women (Mahila Coir Yojana).
Supports the adoption of modern and eco-friendly machinery and processes.
Promotes domestic and export market development.
Implements welfare measures like group personal accident insurance.
Integrates digital platforms for industry upgrades.

Financial Assistance Offered Under the Coir Vikas Scheme

Under the Coir Vikas Yojana (CVY), you can benefit from a range of financial assistance schemes, each tailored to support different aspects of coir business development. Here’s a clear breakdown of the main schemes and the benefits you can avail as a new MSME owner in the coir sector.

Scheme/Component	Purpose	Benefits Offered
Coir Industry Technology Upgradation Scheme (CITUS)	To help you set up new coir units or upgrade technology in existing units	25% subsidy on eligible plant and machinery cost, up to ₹2.5 crore per unit/project
Science and Technology	To promote modernization, R&D, and eco-friendly technologies in the coir sector	Financial support for developing new machinery, product diversification, and technology transfer
Skill Upgradation & Mahila Coir Yojana	To train you and your workers, especially rural women, for better skills and self-employment	Monthly stipend during training is given up to ₹3000/-, subsidies for women
Export Market Promotion	To help you promote your coir products in international markets	Reimbursement for participation in overseas exhibitions, airfare, space rent, and freight charges
Domestic Market Promotion	To support you in expanding your business in Indian markets	Financial assistance for participating in domestic fairs, exhibitions, and promotional events
Trade and Industry Related Functional Support Services	To provide you with technical, managerial, and marketing support	Support for training, workshops, seminars, and exposure visits to improve your business skills
Welfare Measures	To ensure social security and well-being for you and your workers	Group personal accident insurance and other welfare schemes for coir workers

Note:

Refer to the Coir Vikas Yojana guidelines for a detailed understanding and financial assistance offered under each scheme component.

Eligibility Criteria for Coir Vikas Yojana

Eligibility

You are an individual, partnership, cooperative, or company engaged in coir production or related activities.
You plan to set up a new coir unit or modernize an existing one.
You are willing to undergo skill development or training programs.
You are a woman entrepreneur or artisan (for Mahila Coir Yojana).
Your unit is located in a coir-producing or potential area.

Non-eligibility

You are not engaged in coir or related activities.
Your unit is not registered or does not comply with MSME/Coir Board norms.

Documents Required for Coir Vikas Yojana

Proof of identity and address (Aadhaar, PAN, etc.)
MSME registration certificate
Coir Board registration (if applicable)
Project report/business plan
Bank account details
Proof of land or lease for unit location
Caste certificate (if applying under reserved categories)
Any other documents as specified by the Coir Board

Documents Required for Candidate/Trainee

ID proof (Election ID Card, Ration Card, Aadhaar Card, or PAN Card)
Proof of address
Bank account details
Two recent passport-size photographs
Caste certificate (if applicable)
Disability certificate (if applicable)
Any other document as required by the Coir Board

Documents Required for Training Sponsoring Agency

Proof of NGO registration in the Darpan Portal of NITI Aayog (for NGOs)
Details of raw material sources for training
Details of power connection
Details of available machinery for training
Details of basic infrastructure (like work sheds, equipment, etc.)
Any other document as required by the Coir Board

How to Apply for the Coir Vikas Yojana?

Step 1: Visit the official Coir Board website or your nearest Coir Board regional office.

Step 2: Download or collect the application form for the relevant component (new unit, modernization, training, etc.).

Step 3: Fill in the required details and attach all necessary documents.

Step 4: Submit your application to the Coir Board office or through the online portal.

Step 5: Attend any interviews or training sessions as required.

Step 6: Await approval and release of financial assistance or training schedule.

Benefits of Coir Vikas Yojana

Skill Development and Training
You get access to modern coir processing techniques and management skills, making your business more efficient and competitive.
Financial Support
You receive grants and subsidies to set up or upgrade your coir unit, reducing your initial investment burden.
Women Empowerment
Special programs like Mahila Coir Yojana support you as a woman entrepreneur, offering training and self-employment opportunities.
Market Promotion
You get help to promote your products in domestic and international markets, expanding your business reach.
Welfare and Social Security
You and your workers benefit from insurance and other welfare measures, ensuring safety and security.

Real-World Examples of Coir Vikas Yojana

Setting Up a New Coir Processing Unit in a Rural Area
Upgrading Old Coir Machinery to Modern, Eco-Friendly Equipment
Women’s Self-Help Groups Starting Coir Yarn Production with Subsidized Machines
Conducting Skill Development Workshops for Local Artisans
Expanding Coir Product Exports through Market Promotion Support
Introducing Quality Control Measures in Coir Product Manufacturing
Launching Entrepreneurship Development Programmes for New Coir Business Owners
Adopting Sustainable, Eco-Friendly Coir Processing Techniques

Scheme Name	How it Links with CVY
Prime Minister’s Employment Generation Programme (PMEGP)	Supports new coir unit establishment and entrepreneurship.
Credit Linked Capital Subsidy Scheme (CLCSS)	Provides machinery subsidy for modernization.
Mahila Coir Yojana (MCY)	Special focus on women empowerment in the coir sector.
Technology Upgradation Fund Scheme (TUFS)	Assists in adopting modern machinery and processes.

Final Words

If you are looking to start or expand your coir business, Coir Vikas Yojana is your ideal partner. With its focus on skill development, financial support, and market promotion, you can confidently grow your MSME and contribute to a sustainable, eco-friendly industry.

FILTERS

Specialized Sectors

FILTERS

Unlock Your Benefits Today