Working capital of 4.6 crore rupees to go to 433 coir twisting societies, Coir Minister says

19 October 2026

Home and Coir Minister Ramesh Chennithala said 4.6 crore rupees in capital will soon be given to 433 coir twisting societies in Kerala.
He said 40 crore rupees of the 65 crore rupees owed to the State Coir Corporation under the Coir Bhoovastra scheme will be paid by the end of November.
The government wants to raise the minimum wage of coir twisting workers to 500 rupees, and stakeholders have been called for talks on 26 October.
The 2,000 rupee payment for workers who lost jobs in the coir sector will be extended to November, with 5 crore rupees allocated.
The Minister inaugurated a model mechanised coir twisting unit near the 11th Mile at Cherthala in Alappuzha, started under the Alappuzha Coir Cluster Development Society.
The first phase has 20 modern twisting machines at the society's work shed, giving work to about 40 women, and the unit works eight hours across two shifts.
P. Prasad MLA presided over the function.