MSME Mobile friendly website launched

Simplification of names of Central Sector Schemes run through the Coir Board during XII Plan

Central Sector Schemes  being implemented by the Coir Board namely “Rejuvenation, Modernization and Technology Upgradation”(REMOT) and “Coir Plan (General)” Scheme, have been re-named as Coir Udyami Yojana (CUY) and Coir Vikas Yojana (CVY) respectively to make it better understood by the Stakeholders. The decision was taken in a  review meeting chaired by the Union Minister for MSME Shri Kalraj Mishra. The Salient Features of the Coir Udyami Yojana (CUY) are: Ø  This is a credited linked subsidy scheme in coir sector, aims to integrate and develop coir units.  Ø  The scheme provides 40% as Govt. subsidy, 55% as Bank loan and 5% beneficiary contribution for setting up of coir units with project cost up to Rs.10.00 lakh (revised from Rs.5.00 lakh) Ø  Marketing support assistance for beneficiaries. Ø  No collateral security/third party guarantee is required. Ø  There is no income ceiling for the assistance. Assistance is available to individuals, companies, self help groups, NGOs, institutions registered under Societies Registration Act, 1860,   co-operative societies, joint liability groups and charitable trusts. Coir Vikas Yojana (CVY) has the following components: Ø  Skill Upgradation and Quality Improvement and Mahila Coir Yojana – training for men & women coir workers and providing subsidized Ratts to women workers. Ø  Development of Production Infrastructure – assistance for setting up and expansion of coir units. Ø  Domestic Market Promotion – assistance to participate in domestic fares, exhibitions etc. Ø  Export Market Promotion - assistance to participate in international fares, exhibitions etc. Ø  Welfare Measures(Coir Board Coir Workers’ Group Personal Accident Insurance). Ø  Trade and Industry related functional support services. Shri Kalraj Mishra also launched the mobile friendly website of the Ministry of MSME. With this launch entrepreneur friendly content can be easily accessed through any mobile and tablet. Present on the occasion were the Minister of State for MSME Shri Giriraj Singh, Secretary MSME Shri Madhav Lal and other officers of the Ministry. Courtesy: pib.nic.in