Grant to Subsidy for Raw Materials Procurement Component of the "Development of Coir" Scheme
By Industries and Commerce Department, Government of Puducherry
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Quick Answer
This scheme by Puducherry provides a 15% subsidy, capped at ₹5 lakh annually, on raw material procurement for Coir Industry Units.
- Funding amount
- Up to ₹5L
- Funding type
- Subsidy
- Application deadline
- Rolling
- Location
- Puducherry
About this subsidy
The "Grant to Subsidy for Raw Materials Procurement" Component of the "Development of Coir" Scheme, implemented by the Department of Industries and Commerce, Union Territory of Puducherry, aims to invigorate and support the Coir Industries. This initiative provides a crucial financial incentive by offering a 15% subsidy on the annual procurement of raw materials. This support is designed to ease operational costs for Coir Industry Units, fostering their growth and sustainability. The subsidy is capped at ₹5,00,000 per annum per eligible unit, ensuring a significant benefit while managing public resources. This component is part of the broader "Development of Coir" Scheme, which seeks overall upliftment and modernization of the coir sector in the Union Territory of Puducherry. The scheme directly addresses the financial burden of raw material acquisition, a common challenge for small and medium-sized enterprises in the manufacturing sector.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Subsidy providers
Benefits & Funding
- Amount
- Up to ₹5L
What You Get
This component offers a 15% subsidy on the annual procurement of raw materials for Coir Industry Units. The maximum subsidy provided is capped at ₹5,00,000 per annum per unit. This financial support directly reduces operational costs and enhances the viability of coir manufacturing businesses in Puducherry.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Upon receipt, applications are registered and assigned a unique number. The concerned authority at the District Industries Centre will then review the submitted documents and verify eligibility based on the scheme guidelines. The process ensures that only genuine Coir Industry Units receive the intended financial support for raw material procurement.
Application Process
- 1
Download Form
Download the prescribed application form from the official website.
You - 2
- 3
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How to apply
Four steps from draft to disbursement — one action each.
- 1
Submit on the official portal
Use the official application link and verify all details before final submission.
- 2
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the primary objective of this scheme?
The primary objective of the "Grant to Subsidy for Raw Materials Procurement" component is to promote Coir Industries in Puducherry by providing financial assistance for raw material procurement.
Who is eligible to apply for this subsidy?
Any Coir Industry Unit operating within the Union Territory of Puducherry is eligible to apply for this subsidy.
What is the maximum subsidy amount I can receive?
The maximum subsidy is capped at ₹5,00,000 per annum per unit, calculated as 15% of your annual raw material procurement.
How do I apply for this scheme?
Applications are processed offline. You need to download the prescribed form, fill it out, attach required documents, and submit it in person at the District Industries Centre, Thattanchavady, Puducherry.
What documents are typically required for the application?
Applicants are generally required to attach copies of all mandatory documents, which may include business registration, proof of unit location, raw material procurement records, and identity proofs, self-attested as required.
What happens after I submit my application?
Upon submission, your application will be registered, and a unique identification number will be assigned for future references and acknowledgment of receipt. The application will then undergo a verification and approval process.
