Eligibility Criteria: All coir production/processing units newly established will be eligible to apply for assistance. All coir production/ processing units registered with Coir Board under Coir Industry (Registration) Rules, 2008 and having Udyog Aadhar are eligible to apply for financial assistance for modernisation under this scheme. Brief: Technology Transfer, Incubation, Testing, Training Entrepreneurs and Service Facilities for the coir MSMEs through extension of the outcomes of research (done at research institutes under the scheme) at the laboratory level for application at the field level and extension of testing and service facility are the objectives of the scheme. Furthermore, following are few more objectives of the scheme: Technical Mentoring (Connect with Technical Experts) Continued implementation of the Scheme will result in development of new technologies for reducing drudgery and improving the quality and productivity of the coir products. Continued research activities will result in increasing the acceptance of the coir products both by internal and external markets. The development of more sophisticated machinery with the features of automation will result in enhanced productivity and income. Elimination of physical strain and better income would attract younger generation to engage themselves into coir activities. The use of coir products for environment friendly activities will result in environment protection. Development of new value-added products and identification of new areas for application of coir will result in the generation of more national income from a waste material Source https://www.startupindia.gov.in/content/sih/en/government-schemes.html