Vol. 1, Issue 12, Part M (2015)

Abstract
Coir Board, set up under the Coir Industry Act, 1953 by the Government of India, is engaged in sustainable development of Coir Industry through research and development, quality improvement, modernization and training, market promotion and welfare of all those who are engaged in the coir industry. Coir sector is rapidly developing in coconut growing states through mechanisation and modernisation.rnThe coir industry is getting better remuneration in account of zero wastage. All the products are used for value addition. The Minimum wages ensured in coir industry is as per concerned norms of the state government. Coir Udyami Yojana has been implemented by the Coir Board constituting 40% subsidy, 5% beneficiary contribution and 55% composite loan with working capital of around 25% of project cost pegged at INR 10 lakh. This scheme also helps in gearing towards modernisation through the adoption of new technologies developed by state governments and the Central Research Institute. This will enhance productivity and result in better remuneration for artisans. Coir Board is implementing numerous programmes in coconut growing states to ensure mechanisation and better productivity and improve price rates for coir products.