Industry Overview
A
Coir Pith Block Unit involves the processing of
coir pith, a by-product of coir fiber extraction, into compact blocks. These blocks are widely used in
horticulture,
agriculture, and as
growing mediums for plants. Coir pith is a sustainable and eco-friendly material, making it a preferred alternative to peat moss in many agricultural applications. With the growing interest in
organic farming and
sustainable agriculture, the demand for coir pith products is rising.
Key Points:
- Coir pith blocks are used for soil conditioning, hydroponics, and plant growth.
- The blocks help in moisture retention and provide excellent air porosity for roots, which is ideal for plant growth.
- With the increasing shift towards sustainable farming and organic practices, the demand for coir pith products is expected to grow significantly.
Scale and Profitability of Industry
The
coir pith block manufacturing business is highly profitable, especially in regions with a strong demand for
organic farming products. The business can be operated at a small scale with manual processing or at a larger scale with automation. Profit margins are high, and the business can be
export-oriented due to the global demand for sustainable agricultural products.
Subsidy Opportunities
- PMEGP: Provides financial support to small-scale businesses involved in coir product manufacturing.
- National Coir Board: Offers assistance and subsidies to manufacturers producing coir pith blocks for agriculture.
- State Agriculture Departments: Some states offer financial aid to businesses contributing to the growth of organic farming.
Eligibility Criteria
- MSME registration.
- A business plan that focuses on eco-friendly practices and the sustainability of the product.
- Investment in machinery for coir pith processing and block compression.
Project Cost and Subsidy
The
project cost for establishing a coir pith block unit ranges from
₹7 Lakhs to ₹20 Lakhs, with subsidies covering
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!
