Khadi and Village Industries Commission (KVIC) has achieved turnover of Rs 1.15 lakh crore which is not achieved by any FMCG company in the country.
In FY 2021-22, the overall turnover of KVIC stood at a whopping Rs 1,15,415.22 crore as compared to Rs 95, 741.74 crore in the previous year, i.e. 2020-21.
KVIC has thus registered a growth of 20.54% from the year 2020-21.
The Khadi sector registered a growth of 43.20% from Rs 3528 crore in 2020-21 to Rs 5052 crore in 2021-22.
Compared to the year 2014-15, the overall production in Khadi and Village Industry sectors in 2021-22 has registered a whopping growth of 172% while the gross sales during this period increased by over 248%.
This massive turnover of KVIC has come despite partial lockdown in the country in the first 3 months, i.e. April to June in 2021.
In the last 8 years, i.e. from 2014-15, the production in the Khadi sector in 2021-22 has increased by 191%, while the Khadi sales have increased exponentially by 332%.
KVIC Chairman, Shri Vinai Kumar Saxena attributed Khadi’s phenomenal growth to the constant support of Prime Minister Shri Narendra Modi to promote Khadi in the country.
In the last couple of years, KVIC’s main focus has been 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 under PMEGP 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 products.