KVIC to get Rs 55K cr during 12th Plan

Khadi and Village Industries Commission (KVIC) has proposed total inflow of Rs 55,000 crore towards the country’s khadi and village industries during the 12th Five Year Plan (2012-17).

This includes Rs 15,000 crore of planned outlay to be provided by the Centre and Rs 40,000 crore of bank credit to KVIs during the Plan.

The proposed outflow of funds during 2012-17 would be over three times the funds flow during the current (11th) Plan, wherein the total funds are estimated at Rs 15,000 crore.

KVI commissioner J S Mishra said the body was conducting a “serious meeting” to finalise the KVI outlay for the next plan period. “Given the success we have achieved over the years in employment generation and boosting enterprises at micro level, we are confident that our proposal would be accepted,” he told Business Standard here.

KVIC has projected additional employment opportunities to the tune of 5.7 million during the 12th Plan. At present, the total employment generation stands at 12 million, including 11 million in village industries alone.

The current Plan has pegged the total KVI outlay at Rs 5,841 crore. Of this, about Rs 4,600 crore have already flowed to the sector, Mishra informed. Besides, bank credit to the tune of Rs 12,000 has also been provided to the sector so far.

“In the last four years,” recalled Mishra, “khadi units have produced goods worth Rs 3,154 crore, while village industries have produced goods worth Rs 91,000 crore.”

KVIC is planning to set up 550 khadi and 475 village industry clusters across India during 2012-17 with a total investment of Rs 1,000 crore vis-à-vis current Plan’s expenditure of Rs 70 crore and 59 khadi and 50 village industry clusters.

KVIC has proposed to set up four national institutes during the 12th Plan in Uttar Pradesh, West Bengal and Maharashtra, with an investment profile of Rs 256 crore.

Mishra informed that ‘khadi mark’, as a hallmark for authentic hand-spun and woven cloth, would become a reality by the end of this financial year.

National Institute of Design has designed the khadi mark logo and genuine khadi apparels would carry the insignia.

Mishra was here for review of KVIC Central Zone comprising UP, Uttarakhand, Madhya Pradesh and Chhattisgarh.