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.
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/ |