Technology Mission on Coconut
SCMS Institute of Bioscience and Biotechnology Research & Development (SIBB-R&D), Kalamassery, Cochin has shown keen interest to be associated with the Coconut Development Board for development of coconut based products utilizing their existing infrastructure and technical competence. High quality research in biotechnology & bioscience for the promotion of Biotech Industry at National and International level are being undertaken by the Institute. Dr.C.Mohankumar, Director, Dr.Balachandran, consultant and scientists from the Institute had a preliminary discussion with Shri.T.K. Jose IAS, Chairman and other senior officials of the Board on 17.10.2011 in this regard. SIBB would be submitting projects for development of value added coconut products shortly to CDB for assistance under Technology Mission on Coconut (TMOC) programme of CDB.
Applications are invited from prospective entrepreneurs for setting up /modernizing / expanding coconut processing units under Technology Mission on Coconut. Financial assistance @ 25% of the project cost limited to a maximum of Rs.50 lakhs is extended as credit linked back ended subsidy for setting up of coconut processing units for production of value added coconut products. Modernization and expansion of existing processing units will also be eligible for assistance. The detailed project for seeking assistance for setting up coconut processing unit should be submitted through the Financial Institution, willing to sanction a minimum of 40% of the project cost as term loan for Private entrepreneurs and 25% term loan for Co-operative societies.
Packed tender nut water, coconut water based vinegar, Desiccated coconut powder, defatted coconut powder, coconut cream, coconut milk powder, Packed and Branded coconut oil with Agmark standards, Virgin Coconut Oil (VCO), Coconut chips, coconut jaggery, snow ball tender coconut, shell powder, shell charcoal, activated carbon, shell/wood based handicrafts, coconut wood processing units, copra dryer, integrated processing units etc. and such other new and innovative coconut based products, which are backed by commercially viable technologies will be considered for granting financial assistance.
Financial assistance is also provided to manufacturers for market promotion of coconut products through brand publicity through electronic media including website, print Media, Parlours, Kiosks, Warehouse, undertaking activities like buyer-seller meet, exchange of delegations, Participation of Exhibitions/Fairs/ Melas, printing of Leaflets, Pamphlets, Brochures, Posters, display of coconut products at Air Ports/Railway Stations and erection of hoardings etc. on the basis of approved proposals . The financial assistance is 50% of the project cost limited to Rs.10 lakhs for individuals and Rs.25 lakhs to co-operative organisations on reimbursement basis.
Entrepreneurs requiring external
expertise for preparation of project
reports may contact the Board’s
The project proposals completed in all respects may be sent to the Chairman, Coconut Development Board, Kerabhavan, Kochi 682 011.
The Coconut Development Board and Central Food Technology Research Institute (CFTRI), Mysore have developed a technology for production of Virgin Coconut Oil and Dietary Fibre. Virgin coconut oil is made from fresh coconut meat by wet milling process (cold processing). Coconut milk is fermented and then by mechanical process, water is separated from oil. No heating or application of sunlight or dryer is done for the process. The virgin coconut oil is free from trans fatty acid, high in medium chain fats (MCFA) known as lauric acid, which is identical to special group of fats found human breast milk and also rich in vitamin-E. The technology will be transferred to entrepreneurs having a sound financial background and experience in production and marketing. Interested entrepreneurs may apply to the Board in the prescribed application form which is downloadable from the link given below. The selected entrepreneurs will be required to pay a technology transfer fee of Rs.50,000. The Board reserves the right to reject all or any of the applications received.