Industry Overview
The
Coir Paper Manufacturing business focuses on producing paper products made from coir fibers, which are a sustainable alternative to conventional paper. This business capitalizes on the growing demand for
eco-friendly paper and
biodegradable materials. Coir paper is durable,
recyclable, and used for
packaging,
stationery, and other applications.
Key Points:
- Coir paper is made from natural fibers and is biodegradable.
- The demand for sustainable paper alternatives is growing, especially in eco-conscious markets.
- Coir paper can be used for packaging, stationery, and craft purposes.
Scale and Profitability of Industry
The coir paper manufacturing industry is profitable due to the rising interest in
eco-friendly packaging and
biodegradable paper products. The business can start on a small scale and scale up to larger operations as demand increases.
Subsidy Opportunities
- PMEGP: Offers financial assistance for starting eco-friendly businesses.
- National Coir Board Subsidy: Provides funding for the establishment of coir paper production units.
- Technology Upgradation Fund Scheme: Financial support for modernizing production machinery.
Eligibility Criteria
- MSME registration.
- A business plan that focuses on sustainability and eco-friendly manufacturing.
- Investment in machinery for coir pulp processing and paper manufacturing.
Project Cost and Subsidy
The
project cost for a coir paper manufacturing unit ranges from
₹10 Lakhs to ₹30 Lakhs, with subsidies covering up to
30%-40% of the total cost.
To apply for the Food Processing Scheme, the following mandatory documents are required for new enterprises (Individuals/Firms) as outlined in the manual
1. PAN Card of concerned/all promoters.
2.Aadhaar Copy & Photo of all promoters/guarantors.
3. Address Proof: Any of the Officially Valid Documents (OVD) such as:
o Utility bill (not more than two months old) from any service provider (Electricity, telephone, post-paid mobile phone, piped gas, water bill).
o Property or Municipal tax paid receipt.
o Ration Card (Individual).
o Driving Licence
o Aadhaar Card.
o Voter ID Card.
4. Details of the site where the unit is to be established, including whether it is owned/rented/leased, along with proof (Lease/rent agreement should be for more than the loan repayment period).
5. Photocopy of Bank
6. Estimates and Quotation of all capital expenditure and machinery and equipment to be purchased. Statement/Bank Passbook for the last 6 months.
For existing enterprises with a turnover of less than 1 crore, similar documents are required, including PAN Card, Aadhaar, address proof, and site details.
If you need more specific information or additional documents, please let me know!
