Highest turnover recorded by Khadi Village Industries Commission despite pandemic
In the year 2020-21, Khadi and Village Industries Commission (KVIC) registered its highest-ever turnover despite COVID-19 pandemic. In comparison to 88,887 crore turnover in the previous financial year, the KVIC has registered Rs 95, 741. 74 crore gross annual turnover in 2020-21 and that’s an increase of 7.71%.
This superlative performance of KVIC has been registered even though there has been three months lockdown during which the production activities were suspended. Even though all Khadi production units along with sales outlets remained closed, KVIC quickly resumed its production as soon as lockdown was over. In comparison to 2015-16, the production of Khadi as well as the village industry has registered a remarkable 101% growth in 2020-21. Even the gross sales in this time period registered 128.66% increase.
It was during the pandemic that several initiatives like Khadi masks, Khadi-e-portal, Khadi Prakritik Paint, Khadi footwear and Khadi hand sanitizers and setting up of PMEGP units in large numbers, besides new SFURI clusters coupled with increase of supply provisions through agreements with paramilitary forces for supply of provisions have altogether increased the village industry sector’s turnover even during the pandemic.
Vinai Kumar Saxena, Chairman, KVIC said during the pandemic the main focus of KVIC was to create employment for the artisans and the unemployed youth. Following the PM’s appeal to buy swadeshi products, the sales and products of Khadi and village industry grew significantly.
