KVIC: India’s Rural Engine

rawan239

12 months ago

Record Turnover: Khadi and Village Industries (KVI) achieved a turnover exceeding Rs 1.7 lakh crore in FY24-25. Why: Signifies economic growth and increasing popularity/demand for KVI products.
Statutory Body: The Khadi and Village Industries Commission (KVIC) is a statutory body established in 1956. Why: Highlights its legal foundation and established role in the sector.
Under MSME Ministry: KVIC operates under the Ministry of Micro, Small, and Medium Enterprises. Why: Shows its connection to the government’s broader strategy for supporting small industries.
Development Mandate: KVIC plans, promotes, organizes, and implements programs for Khadi and village industries development. Why: Explains its core function and focus on rural development.
Key Objectives: Active rural community building, rural employment, saleable product production, and self-reliance for weaker sections. Why: Outlines KVIC’s social and economic goals.
Functions: Strategic raw material reserves, common service facilities, marketing support, R&D promotion, financial assistance, and quality assurance. Why: Demonstrates the wide range of activities undertaken by KVIC.
Major Schemes: PMEGP, MPDA, ISEC, Workshed Scheme, infrastructure strengthening, KRDP, SFURTI, and Honey Mission. Why: Lists key initiatives driving KVIC’s development efforts.