MSMEs To Add Great Value in Coir Industry

Coir industry has now been proliferated to other parts of the country and expressing the significance of MSMEs in their development.

The functions mandated under the Coir Industry Act are carried out by Coir Board under the various Schemes/Programmes, including research and development activities, training programmes, extending financial support for setting up of coir units, domestic as well as export market development, welfare measures to the workers etc.

It is estimated that around 80% of the work force in the industry are women and it plays a vital role in rural women empowerment of many coastal districts of the country. There are 1570 registered coir exporters in the country.

The export of Coir and Coir products from India during the year 2020-21 registered an all-time high record of INR 3778.98 crore with an increase of over INR 1021 crore from the previous year. The increase in value works out to 37% in comparison with 2019-20 figures. Coir Board is focused to achieve INR 7000 crore of coir exports in a couple of years.

In Gujarat, Ministry of MSME has sanctioned the following 2 SFURTI clusters with a project out lay of INR 472.73 lakhs, which will throw open more employment opportunities.

In Maharashtra, Ministry of MSME has sanctioned the 2 SFURTI clusters with project out lay of INR 361.86 lakhs As per the vision of Prime Minister Narendra Modi and as per the directives of Minister for MSME, Narayan Tatu Raneji and Minister of State for MSME Bhanu Pratap Singh Verma Coir Board proposes to develop coir industry in the Konkan Zone by taking following actions.

Creation of prospective entrepreneurs utilizing PMEGP and SFURTI schemes of the Ministry of MSME by providing necessary handholding support and financial assistance.

The Centre will have a display/promotional outlet for the sale of the products of trainees and MSME produces from Coir sector.

Coir industry is opening up new avenues in the application of its products and is moving to Pan India with the popularization of the schemes and services available, thereby providing employment opportunities and also the products and its applications.