Subsidy
CONTACT COCONUT DEVELOPMENT BOARD
Under Technology Mission on Coconut, financial assistance @ 25% of the project cost limited to a maximum of Rs.50.00 lakhs is extended as credit linked back ended subsidy for setting up of coconut processing units for production of value added coconut products. Modernization and expansion of existing processing units will also be eligible for assistance. The project for seeking assistance for setting up coconut processing unit should be submitted through the bank with a minimum of 40% of the project cost as term loan.
Packed, Branded coconut oil with Agmark standards, Virgin Coconut Oil (VCO), dietary fibre, Desiccated coconut powder, Coconut chips, defatted coconut powder, snow ball tender coconut, coconut milk powder, coconut jaggery, coconut cream, activated carbon, coconut water based vinegar, shell charcoal, packed tender nut water, minimally processed tender coconut, shell powder, shell/wood based handicrafts and copra dryer are some of the items which will be considered for assistance. Financial assistance will also be available for new and innovative coconut based products, which are backed by commercially viable technologies.
Financial assistance is provided for market promotion of coconut products through the media, participation in exhibitions / developing / hiring display facilities in super markets, adopting attractive packaging etc. @ 50% of the project cost limiting to Rs.10 lakhs for individuals and Rs.25 lakhs to Co-operative organisations.
Regds
