Last Updated :
18 March 2008 at 17:55 IST
Govt clears Rs 243 cr coir project
Commodity Online
ALAPPUZHA: Union government on Monday approved Coir Board’s Rs 243 Crore Project for implementation in the eleventh Plan.
The government has earmarked Rs 25 Cr as government grant for implementing the scheme during the accounting year 2007-08.
The Rs 243 Crore scheme comprise two vital sectors which are at the lower most end of the Coir manufacturing pyramid- the spinning and the tiny, household segments. 4000 units of the spinning segment and 3200 units of the tiny and household segment will be covered under the Scheme.
The expected employment generation is 60,800 workers, of which 36800 will be new employment and 24000 will be existing employment.
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