What you get
- Assistance under the component will be available to entrepreneurs in the categories of SHGs, Associations, and Enterprises from small/medium/co-operative/public sector, interested in the production of value-added coir/coir blended items, where coir is the dominant fiber, by setting up a new unit or adding to the existing capacity, subject to investment only in new Plant and Machinery. | - All eligible Coir units under the component will be entitled to get financial assistance for the procurement of eligible Plants and Machinery for modernization, upgradation, and/or establishing a new unit on making an application in the prescribed format for the purpose. | - The financial assistance shall be 25% of the cost of admissible items of Plant and Machinery procured by the Coir units. | - The upper ceiling of the financial assistance will be ₹2.50 crore per coir unit/project. | - The financial assistance will be payable only in Indian Rupees in India through Direct Benefit Transfer (DBT) mode and Public Finance Management System (PFMS) as reimbursement of the amount invested. | Note 01: Single unit/enterprise will not be allowed for grant of assistance under this Scheme. | Note 02: No applications from those units exceeding the investment limits prescribed for medium-scale enterprises in the MSME Act, from time to time, shall be considered for grant of assistance under this component. | Note 03: The amount will be released after the Coir Unit installs the appropriate/approved Plant and Machinery and commences its operation. | Note 04: The applicant unit will be at liberty to procure the Plant and Machinery out of the loan amount from any financial institution/bank/leasing company or from its own resources
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is CITUS Scheme?
The scheme "Coir Industry Technology Upgradation Scheme (CITUS)" is a component of the "Coir Vikas Yojana". The scheme was launched by the Ministry of Micro, Small & Medium Enterprises, Government of India for providing modern infrastructure facilities to the production units resulting in improvement of productivity and quality.
What is the objective of this scheme?
The objectives of this component are: | To provide modern infrastructure facilities to the production units resulting in improvement of productivity and quality. | To support the establishment of new 'State-of-the-Art' Coir Processing Units. To spread the industry to potential areas. | To promote enhanced utilization of available raw materials. | To create more employment opportunities, especially for women in rural areas. To attract new generation entrepreneurs to the industry. | To modernize the existing coir units. | To promote the development and installation of information technology including Enterprise Resource Planning (ERP). | To support the production of high-value customer-oriented products. To make the Coir Industry integrated and competitive with modern technologies. | To facilitate the adoption of eco-friendly production techniques. | To achieve the target of a pollution-free coir industry with technological advancements.
Which is the implementing agency of this scheme?
Coir Board, Kochi
Who are eligible for the assistance under the scheme CITUS?
Assistance will be available to entrepreneurs in the categories of individuals/partnership firms, SHGs, Associations, enterprises from small scale / medium / co-operative/ private sector / public sector, interested for production of value added coir /coir blended items, where coir is the dominant fiber by setting up new coir unit or upgrading the existing unit.
Is it necessary for Coir Unit to register with the Coir Board?
Yes, all coir production/processing units registered with the Coir Board under Coir Industry (Registration) Rules, 2008, and having Udyog Aadhaar are eligible to apply for financial assistance for modernization under this scheme.
What is the nature of assistance which is provided under scheme?
The financial assistance shall be 25% of the cost of admissible items of Plant and Machinery procured by the Coir units. The upper ceiling of the financial assistance will be [?]2.50 crore per coir unit/project.
What is the purpose of providing financial assistance?
All eligible Coir units under the component will be entitled to get financial assistance for the procurement of eligible Plants and Machinery for modernization, upgradation, and/or establishing a new unit on making an application in the prescribed format for the purpose.
How the financial assistance will be paid under the scheme?
The financial assistance will be payable only in Indian Rupees in India through Direct Benefit Transfer (DBT) mode and Public Finance Management System (PFMS) as reimbursement of the amount invested.
Which types of entrepreneurs are not eligible for assistance?
The financial assistance under this component will be available to entrepreneurs who have not availed of any Central Government subsidy under PMEGP, CUY, DPI, TUF, etc. for the same purpose.
How to apply for the scheme?
Submit a Detailed project report (DPR) in the prescribed format to the nearest ROs/SROs of the Board through online.