Coir Board has brought up and is implementing the plan scheme ‘Development of Production Infrastructure’ with the objective of providing modern infrastructure facilities to coir production units, resulting in improvement of productivity and quality and also in the creation of employment opportunities especially for women in the rural areas. It also aims the establishment of new “State of the Art” Coir Processing Units, Spread of the industry to potential areas, Enhanced utilization of available raw material attracting new generation entrepreneurs to the industry , Modernization of existing unit, Production of high value customer oriented products, Make the Coir Industry competitive, Adoption of eco-friendly production techniques .
Under the DPI scheme, the Coir Board provides financial assistance to the concerned department for setting up of coir units with a project cost up to Rs. 10 lakhs in the country. The subsidy will be provided at 25% of the project cost subject to a maximum of Rs. 6 lakh for setting up of Defibering Unit, Rs.4 lakh for Automatic Spinning Unit and Rs.5 lakh for others, including Coir Pith Unit. For a Composite or a Multiple Unit, the maximum fiscal ceiling of assistance would be Rs. 9 lakh. The cost of building will be restricted to a maximum of Rs. 8 lakh for Defibering and coir pith units and Rs. 6 lakhs for others including Automatic spinning Unit for the exact calculation of the subsidy amount which is as decided by the board.
Infrastructures have been constantly ignored since long now and it’s time for the government to pay attention to it to implement modern facilities to make the work easy and also save valuable time. New industries are also being set up under this scheme with innovative and attractive ideas to increase employment. Proper funds are being provided to the industries for the same. The pollution coming out of these industries is dangerous and unbearable at the same time. So the new infrastructures will greatly prevent this and provide a healthy and eco-friendly environment. Also, a new and vibrant working environment will surely act as an invitation to the youth which will increase employment in these sectors of the industry.
Who can apply ?
All new coir processing units registered with Coir Board under Coir Industry (Registration) Rules, 2008 and registered with the DIC of the respective region of the entire coir sector of the country with project cost exceeding Rs.10/- lakh each or more than the ceiling fixed in Coir Udyami Yojana Scheme are eligible for assistance under the scheme.
How to apply ?
A Udyami Helpline number is being provided for which you need to Dial 1800-180-6763 which is a toll-Free Number for queries relating to this Schemes.
Also, you can contact the General Manager, DIC of the respective area.
The unit needs to submit an application in the prescribed format for grant of financial assistance to all the new units under the scheme within 6 months from the date of commencement of production of the unit. The date of the beginning of production should be present with a certificate issued by the General Manager, DIC of the respective area.
The main objective is to provide modern infrastructure to production units leading to improved productivity, quality and employment opportunities.
All new coir processing units registered with Coir Board under Coir Industry (Registration) Rules, 2008, and registered with the DIC of the respective region of the entire coir sector of the country with project cost exceeding Rs.5 lakh each is eligible for assistance under the scheme.
Benefits to the units
Under the DPI scheme, the Coir Board provides financial assistance to the coir production units at 25% of the cost of equipment subject to a maximum of Rs.6 lakh for setting up of a defibering unit, Rs.4 lakh for the automatic spinning unit, and Rs.5 lakh for others including coir pith. For a compound or multiple units the maximum the ceiling of financial assistance is Rs.9 lakh.
The scheme also provides additional funds to extend financial assistance up to Rs.2 lakh for modernisation/renovation of the existing units which is a perk. Two positions were taken on creating industrialisation;
• state ownership of industry and
• state protection of privately owned domestic industry from international competition.
Most countries don’t go by the conventional method and choose to have a specialization in trade to compete within the international economy. These countries then began to concentrate on and export primary commodities and supposedly use their comparative advantage to gain economic stability which was initially a very good and productive idea. The comparative advantages were supposed to be directed towards the capital and then stimulate the economy.
These strategies did not work towards the countries advantage. They do use their comparative advantage to try and boost their economy but many third world countries choose the same product, creating a weak market for the products which is a big problem. It also made the country reliant upon their single product (ex. Guatemala-banana, UNFCO). This main essential step would ultimately bring the countries towards prosperity with in industrialization. A comparative advantage in primary goods can be well utilized also through a comparative advantage in manufacturing. Production in third world countires is struggling mainly because of their dependency on first world markets and on first world imports. If third worlds could start producing more products that they are dependent on, they would not be so reliant on the first world and could balance out the flow of imorts and exports.
Transportation in third world countries complicates the economic structure even further by holding them back which needs to be eradicated. The infrastructure within them is very weak and only makes things more difficult. Most entities of infrastructure that exists are bits and pieces of colonial times. Countries still rely on transportation.
We hope that the scheme covers maximum regions especially the backward areas which need major attention. If the scheme is implemented according to the plan it will be a big step towards modernization and urbanization.
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