Government makes cosmetic changes to schemes for coir industry
Sachin Manawaria | The Dollar Business Farmers bring coconut fibre in bulk on boat for selling in Kollam, Kerala. The labour-intensive coir industry has now spread to 22 states in India. In a review meeting with Kalraj Mishra, Minister of MSME, the Coir Board has re-named its two schemes for the coir industry. The “Rejuvenation, Modernisation and Technology Upgradation (REMOT) and Coir Plan (General) scheme have been changed to Coir Udyanmi Yojana (CUY) and Coir Vikas Yojana (CVY) respectively. The Ministry said that the changes will help stakeholders understand the schemes better. The Coir Udyanmi Yojana (CUY) is a credit link subsidy scheme aiming to integrate and develop coir units, and provides 40% as government subsidy, 55% as bank loan ...
