KVIC bags Rs 5.8-crore order for gift coupons for GAIL employees

Image
Press Trust of India New Delhi
Last Updated : Oct 14 2019 | 9:05 PM IST

The Khadi and Village Industries Commission (KVIC) on Monday said it has bagged an order worth Rs 5.88 crore from state-run Gas Authority of India Limited (GAIL) for khadi gift coupons for its 23,504 employees.

"GAIL agreed to gift khadi coupons of Rs 2,500 to each of its 23,504 employees in all its units across the nation. The employees, however, would be able to purchase khadi and products of Village Industries worth Rs 3,250 from the coupon of Rs 2,500," the Ministry of Micro, Small & Medium Enterprises said in a statement.

The coupons can be redeemed throughout the year at all departmental sales outlets of KVIC.

Such huge orders from government and PSUs not only increase the income of the artisans but also inspire new entrepreneurs to associate with khadi with better job avenues, KVIC Chairman Vinai Kumar Saxena said.

He said that orders in the recent past from GAIL, ONGC, REC, IOC, MRPL, OIL, JK Cement and BEE have been instrumental in making a compounding effect on the livelihood of khadi artisans and have been creating more jobs by adding thousands of new artisans in KVIC's kitty.

KVIC launched gift coupon scheme in 2017 and till date gift coupons of face value worth Rs 89.29 crore have been sold.

Earlier this year, KVIC had bagged order worth over Rs 7.03 crore from Oil India Limited (OIL) for khadi gift coupons for its 14,064 employees and from Bureau of Energy Efficiency (BEE) worth Rs 80 lakhs for coupons for its 800 employees.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 14 2019 | 9:05 PM IST

Next Story