Saxena took charge today, a statement said.
The KVIC is a statutory body established by an Act of Parliament. In April 1957, it took over the work of former All India Khadi and Village Industries Board.
Saxena is presently Director of an upcoming port project.
He resigned from the post of Chairman of Dholera Port project last week.
Dholera port project, started as a joint venture between J K Group and Adani Group, was a pet project of Prime Minister Narendra Modi when he was the Chief Minister of Gujarat.
In 2008, he was accorded an international felicitation by United Nations' Decade of Sustainable Development (UNDESD), UNESCO and UNDP in association with IAEWP, USA, for his 'Outstanding Contribution to Environment Protection and Water Security.'
The KVIC is charged with the planning, promotion, organisation and implementation of programmes for development of Khadi and other village industries in the rural areas in coordination with other agencies engaged in rural development wherever necessary.
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