Ease of Doing Business for MSMEs: MSME Minister Nitin Gadkari has known as for study-based technologies alterations by modest firms focusing on rural regions for lasting and transformative influence at the village level. Addressing a workshop at the Mahatma Gandhi International Hindi University at Wardha in Maharashtra, the Minister noted that Khadi and Village Industries (KVIs) produce Rs 88,000 crore turnover on an annual basis. However, this can be enhanced if “policy is flexible, and innovative, and is aimed at improving the lives of people living in villages,” Gadkari added. KVIs’ FY20 turnover stood at Rs 88,887 crore like Rs 4211.26 crore share of the Khadi business. However, Village Industries had the lion’s share of Rs 84,675.39 crore. Gadkari had final year targeted Rs 5 lakh crore turnover for KVIs in 5 years.
“Migration of as much as 30 per cent of the country’s population from rural areas took place since independence due to lack of growth of the village economy,” Gadkari stated even though stressing the government’s aim to boost the contribution of the MSME sector to India’s GDP from 30 per cent to 40 per cent “so that rural poor are benefited.” The sale of khadi, modest and village industries’ goods had witnessed a jump of a whopping almost 300 per cent in the course of Diwali season final year from the year-ago period amid the government’s Vocal for Local campaign. The consolidated retail sales of goods across 14 categories at Khadi Gramodyog Bhawans in Delhi and Uttar Pradesh was worth Rs 20.75 crore, up from Rs 5.44 crore in 2019, according to MSME Ministry.
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“We are not in favour of westernization, but we are in favour of modernization, in the villages. This is the time for socio-economic transformation,” the minister stated. Gadkari had final year asked Walmart to assistance MSMEs in khadi and village industries below the former’s Walmart Vriddhi supplier improvement programme in order to ramp up MSME exports. To increase digital presence of MSME sellers in khadi and village industries, KVIC had launched its e-commerce marketplace on New Year’s Day to have about 700-800 goods, KVIC Chairman Vinai Kumar Saxena had told TheSpuzz Online.