60% of funds allotted for entrepreneurship in coir sector unused
The Hindu
Decline in jobs created under CUY, PMEGP
Around 60% of the funds allocated for the Skill Upgradation and Mahila Coir Yojana between 2014-15 and 2019-20 have been left unused by the Coir Board under the Ministry of Micro, Small and Medium Enterprises, a Right to Information (RTI) query has revealed.
The Skill Upgradation and Mahila Coir Yojana (MCY) was launched to foster entrepreneurship across the coir-producing States in the country. The MCY, in particular, aims at women empowerment through the provision of spinning equipment at subsidised rates after imparting appropriate skill development training.
As per the information obtained by K. Govindan Nampoothiry, a Kochi-based RTI campaigner, from the Coir Board, a sum of ₹83.16 crore (₹88.72 crore allotted in the Budget) was released for the scheme between 2014-15 and 2019-20, but the Coir Board had spent only ₹33.46 crore.
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