Khadi Village Industries Commission (KVIC) records highest-ever turnover, village industry boom

In a year marred by the Covid-19 pandemic, India's Khadi and Village Industries Commission (KVIC) has recorded its highest-ever turnover

Jun 17, 2021
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Khadi Village Industries Commission (KVIC)

In a year marred by the Covid-19 pandemic, India's Khadi and Village Industries Commission (KVIC) has recorded its highest-ever turnover. In the year 2020-21, KVIC registered a gross annual turnover of Rs. 95,741.74 crores, as compared to Rs. 88,887 crores turnover in 2019-20, thus, registering an increase of 7.71%.

KVIC’s record performance in 2020-21 assumes great significance as production activities remained suspended for more than three months during the nationwide lockdown announced on March 25 last year. During this period, all Khadi production units and sales outlets too remained closed that severely affected the production and sales. The innovative marketing ideas of Minister for Micro, Small and Medium Enterprises Nitin Gadkari helped diversify KVIC’s product range, scaled up local production and paved the way for Khadi’s successive growth.

Compared to the year 2015-16, the overall production in Khadi and Village Industry sectors in 2020-21 has registered a whopping growth of 101% while the gross sales during this period increased by 128.66%, the Press Information Bureau (PIB) said. 

A host of initiatives like the launch of Khadi e-portal, Khadi masks, Khadi footwear, Khadi Prakritik Paint, Khadi hand sanitizers, etc., and KVIC’s historic agreements with paramilitary forces for the supply of provisions increased the turnover of the village industry sector during the pandemic. Compared to the production of Rs. 65,393.40 crores in 2019-20, the production in village industry sector increased to Rs. 70,329.67 crores in 2020-21. Similarly, in FY 2020-21, the sales of village industry products stood at Rs. 92,214.03 crores as compared to Rs. 84,675.29 crores in 2019-20.

KVIC Chairman  Vinai Kumar Saxena said that during the pandemic people responded enthusiastically to the calls of “Aatmanirbhar Bharat” and “Vocal for Local”. He said that during this period, KVIC’s main focus was to create sustainable employment for artisans and unemployed youth. Faced with economic distress, a large number of youths took up self-employment and manufacturing activities which increased the production in the village industry sector. At the same time, the sales of Khadi and village industry products grew significantly following the Prime Minister’s appeal to buy 'swadeshi' (Made in India) products. (SAM)

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