Khadi and Village Industries Commission (KVIC)

Khadi and Village Industries Commission Latest News

The Ministry of Micro, Small and Medium Enterprises (MSMEs) recently stated that the turnover of Khadi and Village Industries (KVI) surpassed Rs 1.7 lakh crore in the financial year 2025 (FY24- 25).

About Khadi and Village Industries Commission

• It is a statutory body established under the Khadi and Village Industries Commission Act of 1956.
• It is an apex organization under the Ministry of Micro, Small, and Medium Enterprises, with regard to khadi and village industries within India.
• The KVIC is charged with the planning, promotion, organisation and implementation of programmes for the development of Khadi and other village industries in rural areas in coordination with other agencies engaged in rural development wherever necessary.
• At the state level, Khadi & Village Industries Boards were set up to effectively implement the schemes of KVIC in their respective states.
• The objectives of the KVIC are explained below:
  • 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
• The functions of the KVIC are as follows:
  • To build a strategic reserve of raw materials and implements for supply to producers.
  • To create common service facilities for processing raw materials as semi-finished goods and provisions for facilities for marketing 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 sectors.
  • To provide financial assistance to institutions and individuals for developing and guiding the Khadi and Village industries through the supply of designs, prototypes, and other technical information.
  • To assure the genuineness of the products and to set standards for the quality of products from Khadi and Village Industries.
• The following are the schemes covered under the KVIC:
  •  Prime Minister’s Employment Generation Programme (PMEGP)
  •  Market Promotion Development Assistance (MPDA)
  • Interest Subsidy Eligibility Certificate (ISEC)
  • Workshed Scheme for Khadi Artisans
  • Strengthening the infrastructure of existing weak Khadi institutions and assistance for marketing infrastructure
  • Khadi Reform and Development Programme (KRDP)
  • Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
  • Honey Mission

Source: BW