How to Apply for Coir Udyami Yojana — 40% Subsidy & Up to ₹9.5L for Coir Units

Every proposal follows a defined route before money moves.

• Coir Board Field Office scrutiny: The application is examined first at the Field Office for completeness and eligibility.
• Regional Level Selection Committee: Eligible cases are forwarded to this committee, which evaluates the proposal and, if satisfied, approves it.
• Bank credit linkage: An approved application is then recommended to a financial institution for funding. Final selection and sanction rest with the bank and its own due diligence.
• Entrepreneurship Development Programme: The mandatory 5-day EDP is completed either before or after submission, but always before the bank recommendation stage.
• Beneficiary contribution: Once the bank approves, the applicant deposits the 5% contribution within 30 days.
• Subsidy deposit: The Coir Board then places the 40% subsidy with the bank.
• Loan disbursement: The bank releases the term loan within 30 days of receiving the subsidy.
• Project execution: The approved project has to be completed within 6 months.
• Verification: The Coir Board and the bank carry out a physical verification before the subsidy is finally adjusted.