Khadi and Village Industries Commission
About KVIC:
- The Khadi and Village Industries Commission (KVIC) is a statutory body established by an Act of Parliament- ‘Khadi and Village Industries Commission Act of 1956’.
- It is under the administrative control of the Ministry of Micro, Small and Medium (MSME).
- KVIC plans, promotes, organizes and implements programs for the development of Khadi and other village industries in rural areas nationwide.
- KVIC also helps in building up reserves of raw materials for supply to producers. The commission focuses on creation of common service facilities for processing of raw materials, such as semi-finished goods.
- KVIC has also helped in creation of employment in the Khadi industry.
Objectives:
- The social objective of providing employment.
- The economic objective of producing saleable articles.
- The wider objective of creating self-reliance amongst the poor and building up of a strong rural community spirit.
Functions of KVIC:
- Building up of a reserve of raw materials and implementation for supply to producers.
- Formation of common service facilities for processing of raw materials that include semi-finished goods.
- Promoting the sale and marketing of Khadi and Village Industries products, as well as handicrafts.
- Promoting research in the village industries sector related production techniques and equipment.
- Providing financial assistance to individuals and institutions for the development and operation of Khadi and Village industries.
Why in News?
- KVIC said that the recent move of the Central Government to increase import duty on bamboo sticks from 10% to 25% will open up new avenues of self-employment in the country. The move will discourage imports and help local industry grow.
- This move will create at least one lakh new jobs in the Agarbatti industry, a major activity under the village industry sector in India.
References:
https://www.pib.gov.in/PressReleseDetail.aspx?PRID=1631155
http://www.kvic.gov.in/kvicres/aboutkvic.php
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