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CCEA approves modernization scheme for coir industry
14 Mar '08
2 min read
The Cabinet Committee on Economic Affairs 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.
(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.
Press Information Bureau Government of India
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