PIB Daily

PIB Daily – 23rd October 2019 – IASToppers

Khadi and Village Industries Commission (KVIC);
By IASToppers
October 23, 2019

Contents

Key Facts for Prelims

  • Khadi and Village Industries Commission (KVIC)

 

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Key Facts for Prelims

Khadi and Village Industries Commission (KVIC)

Why in news?

Khadi and Village Industries Commission (KVIC) has recently partnered with the Goa Government to boost employment opportunities in the state.

Khadi-and-Village-Industries-Commission-2

About KVIC:

  • The Khadi and Village Industries Commission (KVIC) is a statutory body formed by the Government of India, under the Act of Parliament, ‘Khadi and Village Industries Commission Act of 1956’.

Khadi-and-Village-Industries-Commission-1

  • In April 1957, it took over the work of former All India Khadi and Village Industries Board.
  • It is an apex organisation under the Ministry of Micro, Small and Medium Enterprises, with regard to khadi and village industries within India
  • KVIC seeks to promote the development of khadi and village industries in the rural areas.
  • It is the nodal agency of Prime Minister Employment Generation Programme (PMEGP) under which loans will be provided for setting up units of processing, bottling, packaging and labelling units for the honey.

Objectives of KVIC

  • The social objective of providing employment in rural areas
  • The economic objective of producing saleable articles
  • The wider objective of creating self-reliance amongst the poor
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