HomeFinanceSME & StartupsJobs developed by way of KVIC programmes jump practically 4% in FY21...

Jobs developed by way of KVIC programmes jump practically 4% in FY21 97% jobs generated by village industries

Skill, Labour, Talent for MSMEs: The estimated employment generated by way of Khadi and Village Industries Commission (KVIC) in FY21 stood at 1.58 crore – up 3.8 per cent from 1.52 crore in FY20 and 7.9 per cent from 1.46 crore in FY19, according to the information shared by MSME Minister Narayan Rane in Lok Sabha on Thursday. Out of 1.58 crore jobs in FY21, practically 97 per cent jobs – 1.53 crore have been generated/sustained by village industries whilst remaining 4.97 lakh jobs have been developed/sustained by the Khadi programme. The minister noted that implementation of schemes such as Credit-linked subsidy programme PMEGP and other people beneath Gramodyog Vikas Yojana such as Honey Mission, Kumbhar Sashaktikaran Programme, Leather craft Artisans Empowerment Programm, Khadi Vikas Yojana, and Scheme of Fund for Regeneration of Traditional Industries helped increase employment beneath KVIC.

For instance, beneath PMEGP about 7 lakh micro enterprises have been assisted in offering employment to an estimated 57 lakh persons due to the fact its inception in FY09 till June 30, 2021. The programme aimed at producing employment by setting up micro-enterprises in the non-farm sector by supplying credit up to Rs 25 lakh in the manufacturing sector and Rs 10 lakh in the service sector, with margin income subsidy of 15 per cent to 35 per cent for various categories.

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Despite Covid, KVIC had in June this year reported its highest-ever turnover through FY21 as it saw a 7.71 per cent development in gross annual turnover to Rs 95,741.74 crores from Rs 88,887 crores in FY20, the commission had stated in a statement by the MSME Ministry. According to KVIC, the general production of khadi and village sector sectors in FY21 witnessed 101 per cent development in comparison to FY16 whilst the gross sales through this period elevated by 128.66 per cent. The commission stated the development was due to the launch of Khadi e-portal, Khadi masks, Khadi footwear, Khadi Prakritik Paint, Khadi hand sanitizers, and so on., setting up of a record quantity of new PMEGP units, new SFURTI clusters, government’s push to Swadeshi and KVIC’s agreements with paramilitary forces for the provide of provisions.

Meanwhile, to safeguard the word mark and brand ‘khadi’ globally, KVIC last month stated it has secured ‘khadi’ trademark registrations in 3 more nations – Bhutan, UAE, and Mexico. According to the MSME Ministry, applications for equivalent trademarks have been pending in 40 other nations such as the USA, Qatar, Sri Lanka, Japan, Italy, Australia, New Zealand, Singapore, Brazil, and so on. The total quantity of nations exactly where the Khadi trademark has been secured has gone up from six viz., Germany, the UK, Australia, Russia, China, and EU to nine now.

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