Revived 143 defunct Khadi units using MSME grants: KVIC

Image
Press Trust of India New Delhi
Last Updated : Jan 29 2017 | 10:48 AM IST
KVIC today said it has revived as many as 143 defunct Khadi units using grants from the Ministry of Micro Small and Medium Enterprises (MSME) since April 2014, and steps are afoot to start production at 124 more units.
KVIC Chairman V K Saxena said the organisation is taking "pro-active" steps to revive defunct Khadi institutions, which have closed due to low wages, lack of funds for replacement of Charkhas and Looms and inadequate marketing support.
He also said that till 2011, a total of 267 Khadi institutions were closed down.
"KVIC, from the grants received from the MSME has tried to strengthen and revive these institutions. It has released total of Rs 7.23 crore (since 20140-15) to 143 institutions, for replacement of old Charkhas and Looms and to revive production," he said in a statement.
Saxena further said plans are afoot to revive remaining 124 institutions in a phased manner.
He also said 89 and 63 new Khadi institutions were registered in 2015-16 and 2016-17, respectively and have started production.
On October 2, KVIC had launched 'Khadi Institutions Registration and Certification Sewa' (KIRCS), an online portal for registration of new Khadi institutions.
"Due to this online registration sewa initiatives, since October 2, 2016 to January 20, 2017, 143 new institutions have applied for registration of Khadi certification and production...," Khadi and Village Industries Commission (KVIC) said.

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: Jan 29 2017 | 10:48 AM IST

Next Story