Subicsha, the innovative Coconut based value added products venture, was developed jointly by Perambra Block Panchayath and Indian Institute of Management, Kozhikode, with an aim to provide employment opportunities to the members of 522 Self Help Groups/ Kudumbasree Members in Perambra Block Panchayath. The project envisaged the development of micro enterprises that could be effectively managed by the women self help groups / Kudumbasree members from Below Poverty Line (BPL) families active in the project area. All the micro enterprises were limited to the dependence on coconut, the most abundant resource available in the area. To create micro economic enterprises, to eradicate poverty, to generate employment opportunities for BPL families, to empower women self help groups by intensive training and financial assistance for starting self employment ventures were the main objectives of the project. The detailed project report submitted to the Govt, of India was duly approved with a special status under Swarnajayanti Gram Swarojgar Yojana (SGSY) scheme. The project was officially inaugurated on 31 October 2003. Subicsha was registered as a Producer Company under the companies Act 1956 on 12 April 2005, and Govt. of Kerala approved the company vide its order No. Go(MS) No. 258/06/LSGD TVM dated 13-11-06.