Government of Tamil Nadu
Organisation Structure

TAMILNADU INDUSTRIAL COPERATIVE RUBBERISED COIR PRODUCTS Ltd. (INCOFOM)

                        The Tamilnadu Industrial Cooperative Rubberised Coir Products Ltd., Panayakottai, Thanjavur District, called as “INCOFOM” is the first venture in Cooperative sector in the manufacture of Rubberised Coir Products in the Country.  INCOFOM was registered on 16-10-1987.  It commenced business on 27-05-1990.  The project cost was Rs.138.75 lakh.  The capacity of the unit is 250 Tons per annum.  The Society is manufacturing rubberized coir mattresses, pillows etc., and supplies to various Government Hospitals, Medical Institutions, Railways, Transport Corporations etc.,
                        At present 37 Primary Coir Cooperative Societies are its members.  The paid up share capital of the INCOFOM is Rs.52.03 lakh which includes Government’s share of Rs.49.56 lakh.
The performance of the Society is detailed below:
(Rs. In lakhs)


Year

Production (in MT)

Sales

Profit / Loss for the year

Cumulative loss

2005-2006

80.86

126.40

(-) 18.49

196.92

2006-2007

87.71

113.70

 (-) 19.42

216.34

2007-2008

123.22

181.16

(+) 12.80

203.54

2008-2009

112.90

193.50

(+) 6.94

196.60

2009-2010

169.81

179.81

(-) 2.75

199.35

2010-2011

152.35

169.30

(-) 2.15

201.50

2011-2012

42.87

92.90

(-) 36.66

279.13

2012-2013

7.01

16.28

(-) 24.84

303.97

2013-2014

40.11

47.97

(-) 19.45

317.76

Other Coir Schemes:

1. Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
           
            SFURTI is a Government of India's scheme being implemented through Coir Board.  In Tamil Nadu, the TANCOFED as nodal agency is coordinating the implementation of SFURTI scheme.  Under the scheme, six coir clusters viz. Cuddalore, Salem, Singampunari, Periyakulam, Pattukottai and Gudiyatham have been approved by the Coir Board for implementation of projects at a total cost of Rs.531.00 lakhs at the rate of Rs.88.50 lakhs per cluster, for the benefit of the beneficiaries / stakeholders engaged in coir trade in their respective region.  The six coir clusters have registered the Special
Purpose Vehicle and the  complimentary activities such as Trust Building, Exposure visits, EDP, Awareness campaigns, opening of Bank account, etc. have been completed.  To lessen the burden of beneficiaries, the State Government have sanctioned a loan of Rs.59.50 lakh as loan to the six coir clusters. Construction of Building is in progress in all 6 clusters and the orders have been placed for the purchase of Machinery.

 

 

2. Rejuvenation, Modernisation & Technology Upgradation scheme (REMOT)
           
            REMOT is a Government of India scheme being implemented through Coir Board intending to financially assist 1136 coir units in Tamil Nadu during the 11th Plan period with a total outlay of Rs.3932.00 lakhs.  The scheme covers coir projects at a cost of Rs.2.00 lakh for Spinning sector and Rs.5.00 lakh for Tiny / Household sector, with the Government of India subsidy @ 40% for each project.  The Coir Board will provide lateral support in getting loan assistance from the Banks.  During 2007-08, 196 applications to the extend of Rs.725.00 lakh were cleared by the Banks.  Similarly, during     2008-09, 303 applications to the tune of Rs. 1322.00 lakh have been cleared by banks for financial assistance under REMOT. 

NEW CLUSTERS

In order to develop the value added coir products with export oriented, proposals for setting up of Coir Clusters in Dindigul, Nagercoil, Pollachi, Tirunelveli, Tiruppur Pudukottai, Krishnagiri, Dharmapuri and Madurai district  under SFURTI scheme at a total project cost of Rs.881.00 lakhs have been sent to Coir Board. The Coir Board has in turn conveyed the in-principle approval of the Government of India.