Launching of Central Sector Scheme on Rejuvenation,
Modernization and Technology Upgradation of Coir
Industry
The Cabinet Committee
on Economic Affairs today gave its approval for:
(i) Launching of the first phase of
a central sector scheme on Rejuvenation, Modernization
& Technology Upgradation of the Coir Industry with
an overall cost of Rs.243 crore.
(ii) Providing a grant of Rs.99 crore
out of a total project cost of Rs.243 crore on the scheme
for Rejuvenation, Modernization & Technology Upgradation
of the Coir Industry over a period of five years commencing
from 2007-08.
The Scheme envisages to cover 4000
spinning units and 3200 tiny / household units during
the XI Plan. Under the scheme, one existing obsolete
ratt/unit would be replaced by four mechanized ratts
and each new mechanized ratt will be handled by two
against three workers/spinners, presently. The entire
intervention in the spinning sector is targeted to be
women oriented. The standard project cost of each spinning
and Tiny / Household weaving unit will be Rs.2 lakh
and Rs. 5 lakh respectively. The government subsidy
will be 40% of the project cost in each case. 5% of
the project cost will be contributed by the beneficiary
and the rest 55% will be met through the term loan from
the Banks/FI.
The Scheme would help in:
(i) Wages of spinner will be increased
from Rs.6000 per annum to Rs.29896 per annum
(ii) Income of weavers in Tiny/ Household
sector will be increased from Rs.21065 p.a. to Rs.43230
p.a.
(iii) Productivity per ratt is estimated
to increase from 5 to 10 kg per day and productivity
per loom to increase from 5 to 10 mats per day.
(iv) Number of work days to gradually
increase from 100 to 300 in spinning sector and from
100 to 150 days in Tiny / Household sector.
(v) Employment to increase from
24000 to 60800.
Source:
Press Information Bureau Date: March 07, 2008
