Friday, October 29, 2021

KVIC records highest-ever turnover in 2020-21 despite COVID pandemic

Khadi and Village Industries Commission (KVIC) has recorded its highest-ever turnover in 2020-21 despite COVID-19 pandemic. Ministry of Micro, Small and Medium Enterprises said that KVIC has registered a gross annual turnover of over 95 thousand seven hundred crore rupees.

The Ministry said that KVIC registered a 7.71 per cent increase as compared to the previous year despite the nationwide lockdown.

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.

He added that faced with economic distress, a large number of youth took up self-employment and manufacturing activities under Prime Minister’s Employment Generation Programme which increased the production in the village industry sector.

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