Sale of Khadi products rises 33% to Rs2,005 crore in FY17
The khadi and village industries commission (KVIC) said in a statement that it expects to surpass the sales target of Rs5,000 crore in 2018-19
New Delhi: Sale of Khadi products shot up by 33% to Rs2,005 crore in the fiscal year 2016-17, from Rs1,510 crore a year ago.
The khadi and village industries commission (KVIC) said in a statement that it expects to surpass the sales target of Rs5,000 crore in 2018-19. KVIC is also setting up export cells to promote overseas sales of the products, the statement quoted chairman Vinai Kumar Saxena as saying. While the overall sales of both khadi and village industries rose over 24% to approximately Rs51,996 crore in 2016-17, the production had also shot up over 23% to Rs42,506 crore, the statement said.
KVIC products are manufactured by about seven lakh privately-owned household units. According to the statement, these units are funded through schemes such as the Prime Minister’s Employment Generation Programme.