Eligibility, Documents & Application Procedure


Coir Udyami Yojana Apply Online | CUY Registration | Coir Udyami Scheme Application Procedure | Coir Udyami Yojana (CUY) in Hindi

The Government of India has began many schemes for the goal of fixing the drawback of unemployment and selling self-employment in the nation. One of these schemes is also Coir Udyami Yojana (CUY), This scheme has been began with the objective of bringing growth in the discipline of enterprise or {industry} associated to jute. Under this scheme, the Central Government is focusing on rising manufacturing with the help of mechanization and modernization of the manufacturing methods used in the coir {industry}. Today, through this article, we will inform you about all the necessary info associated to this scheme, such as:- Purpose, Benefits, Features, Eligibility, Documents, Application Process and so on. If you need to get info associated to this scheme, then keep with us until the finish. (*10*)

Coir Udyami Yojana (CUY)

At present, due to the growth in the plastics {industry}, the jute {industry} is facing enormous losses. Coir Udyami Yojana 2022 has been began to overcome this drawback and to deliver growth in the jute {industry}. The scheme is a credit-linked subsidy scheme, which helps entrepreneurs to set up coir manufacturing items for a challenge cost of up to Rs 10 lakh and working capital, which will not exceed 25% of the challenge cost. Also, 40% of the challenge cost will be offered to the entrepreneurs as subsidy and working capital will not be included under subsidy. The profit of this scheme can be availed by such start-up businessmen who need to set up a coir manufacturing unit. [Also Read- National Portal for Transgender: Application Login, Certificate Download, Registration Form]

Coir Udyami Yojana

Narendra Modi Schemes List

Overview of Coir Udyami Yojana

Scheme Name Coir Udyami Yojana (CUY)
Launched By Central Government
Year 2022
Beneficiaries Jute Entrepreneur
Application Procedure Online/Offline
Objective To promote growth in the jute {industry}
Benefits 40% of the challenge cost is offered as subsidy
Category: Central Government Scheme
Official Website http://coirservices.gov.in/frm_login.aspx

Objectives of Coir Udyami Yojana

The essential goal of Coir Udyami Yojana (CUY) is to deliver growth in the {industry} by modernizing the coir {industry}. Under this scheme, the coir {industry} will be modernized by using trendy methods in the manufacturing and processing of coir and coir merchandise. The present manufacturing and processing applied sciences are being upgraded to enhance productiveness, high quality and product diversification of jute. Through this scheme of the central government, more and more employment opportunities will be created in the rural areas of coconut-producing states or union territories, so that the use of coconut husk can be promoted and the manufacturing of coir fiber and coir merchandise can be elevated. [Also Read- (Apply) KDA New Plot Scheme 2022: Application Form, Online Registration]

  • Through this scheme, the Government of India will provide employment opportunities for ladies in rural areas, focusing on gender empowerment.
  • The goal of Coir Udyami Yojana is to contribute to the growth of the weaker sections of the nation, particularly the Scheduled Castes, Scheduled Tribes and North Eastern Region.
  • Through this scheme, proper training associated to the coir {industry} will also be offered to the rural youth of coconut-producing states or union territories, which will also enhance the income of the employees.

Benefits and Features of Coir Udyami Yojana (CUY)

The advantages and features to be obtained from the Coir Udyami Yojana began by the Central Government are as follows:-

  • The Government of India has began this scheme with the intention of setting up micro and small scale coir items in the nation.
  • Under Coir Udyami Yojana 2022 of the Central Government, the most cost of coir challenge should be up to Rs 10 lakh only, in which the cost of working capital will not be included in the challenge cost.
  • The beneficiary applicant will have to bear only 5% of the challenge cost and he can get the profit of 40% subsidy of the challenge cost from the government at the starting of the challenge.
  • The remaining 55% of the challenge cost is offered by the Central Government to the applicant as mortgage on concessional phrases.
  • Under this scheme, the challenge cost plus one working capital cycle should not exceed 25% of the challenge cost.

Additional Features

Loan Coverage Capital expenditure Building Machinery Working capital is not thought-about
Maximum Repayment Period Max. up to 7 Years
Collateral/Security/Guarantor Not required
Credit Guarantee Loan under Coir Udyami Yojana is lined through the CGTMSE scheme under the Ministry of MSME

Eligibility Criteria for Coir Udyami Yojana 2022

Various eligibility criteria have been set by the central government for applicants under Coir Udyami Yojana, some of which are as follows:-

  • Under this scheme, such applicants will be thought-about eligible, who have the possession of both the place of enterprise or the home.
  • If the possession of the place of enterprise or one of the homes is in the title of the applicant’s mother and father, brother-sister, husband-wife, son-daughter, then in this state of affairs also the applicant will be thought-about eligible.
  • The jute {industry} of the applicant must be at least two years outdated.
  • Under Coir Udyami Yojana 2022the minimum annual ITR of the {industry} associated to jute should be Rs 1.5 lakh.
  • It will be mandatory for the applicant’s enterprise to have a minimum annual turnover of Rs 10 lakh. If the annual turnover of the enterprise is much less than Rs 10 lakh, then in such a state of affairs the applicant will not be thought-about eligible.
  • Companies, Individuals, NGOs, Self Help Groups, Registered Societies, Production Co-operative Societies and Charitable Trusts are eligible to apply under this scheme of Government of India.

Required Documents

  • If the applicant belongs to a specific caste, then it will be mandatory for them to present the caste certificate issued by the competent authority.
  • If the beneficiary is an applicant other than an individual, he/she has to connect a licensed copy of the group’s bye-laws with the application.
  • If the applicant desires to get a working capital mortgage from the financial institution without subsidy then he/she has to submit a detailed report of working capital cycle and requirement.
  • The applicant will be required to submit a detailed work-out of the challenge cost including capital expenditure, equipment and constructing.
  • If the applicant is an individual then he/she will have to submit his/her KYC documents such as identity proof and residential proof.
  • Appropriate registration documents in case of non-individual applicants
  • Property doc of the proposed location for the coir manufacturing unit
  • Evidence of Coir Industry Experience
  • Certificate of EDP (Entrepreneurship Development Program) training
  • Industrial Establishment Certificate (Issued by DIC)
  • Plan and Estimate of civil building work. The plan has to be licensed by the Charter Engineer.

Coir Udyami Yojana (CUY) 2022 Registration Procedure

Interested jute entrepreneurs who need to apply online under the Coir Udyami Yojana began by the Central Government, they will have to follow the following guidelines:-

  • First of all, you have to visit the official website of the Coir Board. Now the homepage of the website will open in front of you.
Coir Udyami Yojana
  • On the homepage of the website, you have to click on the possibility of Apply Online. If you are already a registered consumer, you will see a login window in which you have to enter your login details.
Coir Udyami Yojana
  • If you are not already a registered consumer then you have to click on the possibility of New Login Registration, Now the registration application form will open in front of you.
New Login Registration
  • After this, you will have to enter the details of all the necessary info requested in the application form, such as- Name, Mobile Number, Email ID, Aadhar Number and Security Question and so on.
  • Now, you have to click on the affirm possibility, after which your registration will be done.

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