The Coconut Development Board (CDB) of India plays a pivotal role in bolstering the nation’s coconut industry, particularly by offering financial assistance schemes that empower exporters to thrive in the global market. These initiatives encompass subsidies, grants, and financial aid programs designed to enhance production, promote value addition, and facilitate international market access for coconut products.

1. Financial Assistance for Coconut-Based Industries

To encourage the establishment of coconut-based industries, the CDB provides substantial financial support. Entrepreneurs, NGOs, cooperatives, and farmer producer organizations can avail of a subsidy amounting to 25% of the project cost, capped at ₹50 lakh per project. Notably, for SC/ST and women entrepreneurs, the assistance is elevated to 33.3% of the project cost, maintaining the same maximum limit. This support is instrumental in setting up units for manufacturing value-added products such as desiccated coconut powder, virgin coconut oil, coconut milk, and activated carbon.

2. Assistance for Participation in International Events

Recognizing the importance of global exposure, the CDB extends financial assistance to exporters for participating in international exhibitions, trade fairs, and buyer-seller meets. Eligible firms can receive up to 80% of the space rent, subject to a maximum of ₹80,000, and 75% of the economy class airfare, limited to ₹75,000, for one representative. This initiative aims to develop markets for coconut products globally by creating opportunities for exporters to showcase their offerings on international platforms.

3. Technology Mission on Coconut (TMOC)

The TMOC is a comprehensive program designed to address various challenges in the coconut sector through technological interventions. It focuses on developing and adopting technologies for pest and disease management, processing, product diversification, and market promotion. Under this mission, financial assistance is provided to entrepreneurs and farmers for setting up coconut-based industries, thereby enhancing the value chain and boosting exports.

4. Coir Udyami Yojana and Coir Vikas Yojana

In addition to the CDB’s initiatives, the Coir Board implements financial assistance schemes like the Coir Udyami Yojana and Coir Vikas Yojana across all coconut-growing states and union territories. These schemes aim to promote the coir industry by providing financial support for setting up coir units, thereby adding value to coconut husk and increasing the income of coconut farmers.

Altus Exports: Your Partner in Global Trade

Navigating the complexities of international trade can be challenging for Indian manufacturers. This is where Altus Exports steps in as a premier merchant exporter, delivering the best of India’s textiles, handicrafts, chemicals, and food products to the world. Our commitment to quality, sustainability, and customer satisfaction makes us your ideal partner in global trade.

How Altus Exports Can Assist You

• Quality Assurance: We prioritize quality at every step, from sourcing to packaging. Our rigorous quality control processes ensure that you receive products that meet the highest standards.
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• Customer-Centric Approach: Your satisfaction is our top priority. We work closely to understand your requirements and provide tailored solutions. Our dedicated support team is always available to assist you.
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• Global Reach: With extensive international trade experience, we export to numerous countries. Our global market expertise ensures seamless transactions and regulatory compliance.

Partner with Us

Indian manufacturers looking to expand their global footprint can partner with Altus Exports to navigate the complexities of international trade effectively. By collaborating with us, you can leverage our expertise, extensive network, and commitment to quality to ensure your products reach international markets successfully.

To explore partnership opportunities, visit our Manufacturer Partnership page.

Conclusion

The financial assistance schemes offered by the Coconut Development Board and the Coir Board provide substantial support to coconut exporters in India. By leveraging these programs and partnering with experienced exporters like Altus Exports, Indian manufacturers can enhance their production capabilities, add value to their products, and successfully navigate the global market landscape.