The scheme by the Department of Industries and Commerce, Puducherry is designed to incentivize entrepreneurs to establish new coir industries or revitalize existing ones. Under this component, eligible coir units established in Puducherry can avail a grant of margin money upon receiving a sanction order from a financial institution for a project.
Benefits
• 25% margin money is provided, capped at ₹25,00,000, when a project sanction order for a project worth ₹1,00,00,000 is received.
• The loan amount is released directly to the bank on behalf of the entrepreneur.
• Commercial production must commence within six months of the Margin Money Grant release.
Eligibility
• The coir unit must be established in Puducherry.
Application Process
Offline
• Step 1: Print the prescribed application form.
• Step 2: Complete all mandatory fields, attach a passport-sized photograph (signed if required), and self-attest copies of all mandatory documents.
• Step 3: Visit the District Industries Centre (Thattanchavady, Puducherry – 605 009) during office hours on a working day to submit the filled and signed application form along with the required documents.
• Step 4: Upon receipt, the application is logged, and a unique identification number is assigned for future reference.
Documents Required
• Loan sanction letter from the financial institution.
• Undertaking letter from the promoter, assuring successful operation for five years post-establishment.
• Proof of unit establishment in the Union Territory of Puducherry.
Frequently Asked Questions (FAQs)
Q: What percentage of margin money is provided and what is the maximum cap?
A: The scheme provides 25% margin money, capped at ₹25,00,000.
Q: What is the geographical requirement for establishing a unit under this scheme?
A: The coir unit must be established in Puducherry.
Q: What is the timeline for commencing commercial production after receiving the grant?
A: Commercial production should commence within six months of the Margin Money Grant release.
Q: What commitment is expected from the promoter?
A: Promoters must provide an undertaking letter assuring the unit’s successful operation for five years post-establishment.
Q: How much loan should the financial institution sanction to avail the margin money?
A: The sanction order should be for a project worth ₹1,00,00,000 to qualify for the margin money grant.
Q: Where can interested applicants obtain the prescribed application form?
A: The application form can be obtained from the District Industries Centre.
Q: Where can citizens find the Citizen’s Charter for detailed scheme information?
A: The Citizen’s Charter is available on the official website of the Department of Industries and Commerce, Puducherry.
Q: How can grievances related to the “Development of Coir” Scheme be addressed?
A: Grievances can be addressed through the designated Grievance Redressal mechanism provided by the department.
Q: Is there a specific time frame for visiting the Project Manager for application submission?
A: Applicants should visit the District Industries Centre during official working hours on a working day.
Q: Are applicants required to attach a passport-sized photograph?
A: Yes, a passport-sized photograph (signed if required) must be attached in the application form.
Q: What is the location for submitting the application?
A: Applications must be submitted at the District Industries Centre, Thattanchavady, Puducherry – 605 009.
Q: Where can interested individuals find the official guidelines for the Development of Coir Scheme?
A: Official guidelines are available on the website of the Department of Industries and Commerce, Puducherry.