Rejuvenation, Modernisation and Technology Upgradation of Coir Industry (REMOT)Scheme
Ministry of micro, small and medium enterprises
This is a credit linked subsidy scheme for setting up of coir units with project cost up to Rs.10 lakh plus one cycle of working capital which shall not exceed 25% of the project cost. Working capital will not be considered for subsidy.
Central Government of India
Credit linked subsidy for setting up of coir units with project cost plus one cycle of working capital (up to 25% of the project cost and not to be considered for subsidy)
Any individual above 18 years of age with Indian citizenship can apply.
There will be no income ceiling for assistance for setting up of the project under REMOT scheme.
Assistance under the scheme is only available for projects for the production of coir fibre/yarn/products, etc., coming under the coir sector.
Assistance will be made available to individuals, companies, SHGs, NGOs, institutions registered under Societies Registration Act 1860, production cooperative societies, joint liability groups and charitable trusts. The SC/ST, women, NER and Andaman and Nicobar Islands and Lakshadweep beneficiaries will be given priority.
The funding pattern of the scheme is
Bank loan/Credit role - 55%
Government Grant (margin money – subsidy) - 40%Beneficiaries contribution - 5%
How To Apply
A Udyami Helpline: Dial 1800-180-6763 [Toll Free Number] for queries relating to this Schemes.
Contact to :
To Coir Board field offices through DIC Or
Coir Project Offices, Panchayati Raj institutions and the nodal agencies approved by the Board for this purpose.
Micro, small and Medium enterprises
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