Rejuvenation, Modernization, and Technology Upgradation (REMOT)

Rejuvenation, Modernization, and Technology Upgradation (REMOT)

REMOT Scheme is a Central Sector initiative by the Coir Board under the Ministry of MSME aimed at modernising the traditional coir industry in India. It supports upgrading outdated spinning and weaving units through new motorised machinery, proper workspace, and technology improvements.

Highlights

What is the REMOT Scheme?

Objectives

Benefits of the REMOT Scheme 

Financial Assistance Under the REMOT Scheme

 

Unit Type

Project Cost

Subsidy

Maximum Subsidy

Beneficiary Contribution 

Term Loan

Spinning Unit

₹2,00,000

40%

₹80,000

5%

55% (up to 1,10,000)

Tiny/Household Unit

₹5,00,000

40%

₹2,00,000

5%

55% (up to 2,75,000)

Eligibility for the REMOT Scheme

You are eligible if:

You are not eligible if:

Documents Required for REMOT Scheme

Application Process for REMOT Scheme

You can apply:

Examples of Where the REMOT Scheme Can Be Used

Related Schemes