Industry Overview A Coir Fibre Extraction Unit involves the extraction of coir fibers from coconut husks, which are then used in various industries, including the production of ropes, mats, and brushes. The process involves separating the tough outer husk from the inner fibers, which are then processed for various uses. The demand for coir fibers is increasing as industries shift toward sustainable and biodegradable materials. Key Points:

• Coir is a sustainable, natural fiber with diverse applications in industries such as textiles, construction, and furniture.
• The increasing demand for eco-friendly materials drives the growth of the coir fiber extraction industry.
• Coir fiber is used in the manufacture of ropes, mats, mattresses, and other products.

Scale and Profitability of Industry The coir fiber extraction business is highly profitable due to the growing demand for coir-based products across various industries. With low operational costs and a steady demand for eco-friendly products, this industry is an excellent investment for small-scale and large-scale entrepreneurs. Subsidy Opportunities

1. PMEGP: Provides financial aid to new entrepreneurs entering the coir industry.
2. National Coir Board Scheme: Financial assistance and training for setting up fiber extraction units.
3. Technology Upgradation Fund: Offers financial support for machinery upgrades.

Eligibility Criteria

1. MSME registration.
2. Investment in machinery for fiber extraction, sorting, and processing.
3. A sustainable business plan for eco-friendly production.

Project Cost and Subsidy The project cost for establishing a coir fiber extraction unit ranges from ₹7 Lakhs to ₹20 Lakhs, with subsidies covering 30%-40% of the total project 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!