Schemes and Programs under the Commission

The schemes and programs under the commission are as follows-

1. Prime Minister’s Employment Generation Program

  • In the manufacturing industry, the highest construction price is 25 lakh, whereas, in the business sector, it is 10 lakhs.
  • Recipient Subsidy Rates in the PMEGP Recipient Subsidy Rates in the PMEGP 
  • In the broad class, 15% for urban & 25% for rural, and in the special category, 25% for urban or 35% for rural.
  • Banks will supply the remaining portion of the overall project cost in the form of a credit facility and cash reserves.

2. Interest Subsidy Eligibility Certification Scheme

  • The Interest Subsidy Eligibility Certificate Scheme is the Khadi program’s primary funding source. It was established in May 1977 to raise funds from banks to bridge the gap between the actual financial requirement and the availability of funds from budgetary sources.

3. Rebate Program

  • The government discounts Khadi and Khadi sales revenue to keep the cost of Khadi and Khadi products compared with other fabrics. Customers receive a regular reimbursement throughout the year and a special refund for 108 days out of the year.

Khadi and Village Industries Commission

The Khadi and Village Industries Commission is a non-constitutional authority set up by The Government of India under the Parliamentary Act. Its mission is to plan, encourage, support, organize, and help implement Khadi and Village industries in remote rural areas. Established under the government’s second five-year plan, there are numerous objectives and important features of the Khadi and Village Industries Commission. It comes under the Ministry of Micro, Small and also Medium Enterprises. Under the Khadi and Village Industries Act, 1956 it was established. Amendment progress took place twice, in 1965 and 2006. Khadi and Village Industries Commission is one of the most important constitutional, statutory, and quasi-judicial bodies.

Khadi and Village Industries Commission

Important Facts on KVIC

Full Form Khadi Village and Industries Commission
Establishment Date 1957
Commission Type A Statutory Body
Concerned Ministry Ministry of MSMEs
Subsumed the Work of All India Khadi and Village Industries Board
Website www.kvic.gov.in/

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Khadi and Village Industries

The Khadi and Village Industries Commission is an Indian Constitutional statutory authority, which works under the responsibility of the Department of Micro, Small & Medium Enterprises. It was founded under the Khadi and Village Industries Act of 1956. This act was revised twice — once in 1965 and again in 2006. Both Khadi & Village Industries have one similar theme: they are labor-intensive....

Objectives of Khadi and Village Industries Commission

The main objectives of KVIC are as follows:...

Functions of KVIC

The main functions of KVIC are as follows-...

Schemes and Programs under the Commission

The schemes and programs under the commission are as follows-...

Progress of KVIC

Some of the important highlights for the progress of KVIC are as follows-...

Mission of the Organs of KVIC

There are five organs of KVIC and their mission is as follows-...

Conclusion

The Khadi and Village Industries Commission proves to be very important and beneficial since the organizations’ products are generally offered directly by them or through the government. There are 15,431 sales outlets in all, with the authority owning 7,050 of them. They can be found all over India. In addition to this, the commission also organizes worldwide shows to sell the products....

Frequently Asked Questions

Q 1. What is the Khadi and Village Industries Commission?...