Khadi & Village Industries Commission (KVIC)
About KVIC
- The Khadi & 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 & Medium Enterprises.
Objectives of the KVIC
- Primary Objective – To build up an active rural community
- Social Objective – To provide employment in rural areas
- Economic Objective – To produce a saleable product
- Wider Objective – To create self-reliance among the economically weaker section
Functions of KVIC
- 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.
Why in the news?
- 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.
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