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(The Gist of PIB) Khadi Village Industries Commission (KVIC) records highest ever turnover in FY 2020-21

(THE GIST OF PIB) Khadi Village Industries Commission (KVIC) records highest ever turnover in FY 2020-21

Khadi and Village Industries Commission has recorded its highest-ever turnover in the year 2020-21 registering an increase of 7.71% compared to 2019-2020.

The Khadi and Village Industries Commission is a statutory organization established under the Khadi and Village Industries Commission Act, 1956.
It is engaged in promoting and developing khadi and village industries for providing employment opportunities in rural areas, thereby strengthening the rural economy.
It functions under the Ministry of Micro Small and Medium Enterprises.

To build a strategic reserve of raw materials and implements for supply to producers.
To create common service facilities for processing of raw materials as semi-finished goods and provisions of facilities for marketing of KVI products.
To enhance the sale and marketing of Khadi and other products of village industries or handicrafts.
To be responsible for encouraging and promoting research in the production techniques and equipment employed in the Khadi and Village Industries sector.
To provide financial assistance to institutions and individuals for developing and guiding Khadi and Village industries through the supply of designs, prototype and other technical information.
To assure genuineness of the products and to set standards for the quality of products from the Khadi and Village Industries.