Home / Knowledge / News / Textiles / Govt reestablishes KVIC under new notification
Govt reestablishes KVIC under new notification
15
Mar '16
Vide a new notification; the Indian government has reestablished the Khadi and Village Industries Commission (KVIC), the nodal agency for promoting khadi fabric in the country.

“1018 Khadi and Village Industries (KVI) Institutions are registered as members, while KVIC was granted Deemed Export Promotion Council status in December 2006,” a PIB press release informed.

5 per cent of the free on board (FOB) value or Rs 10 lakh, whichever is less, is provided as incentive for KVI units which undertake direct exports.

In addition, KVIC encourages Khadi and Village Industries to participate in international trade fairs by subsidising 75 per cent of the airfare and 50 per cent of stall rent to augment export of their products.

In case of women entrepreneurs & institutions like ST, SC and NE States, air fare and stall rent are extended to the extent of 100 per cent subject to maximum limit of Rs 1.25 lakh each.

“The Ministry of Micro Small & Medium Enterprises too is implementing a number of schemes for the holistic development and promotion of khadi,” the press release added.

These include; strengthening of infrastructure of existing weak Khadi Institutions and assistance for marketing infrastructure provides for renovation of khadi sales outlets.

The ministry also offers market promotion and development assistance, under which assistance is provided at 30 per cent of prime cost of cost to be shared among artisans, producing and selling institutions.

There is also an interest subsidy eligibility certification scheme for providing bank loans for khadi and polyvastra at 4 per cent rate of interest.

The ministry also provides Workshed Scheme for khadi artisans for providing assistance for construction of worksheds.

The Scheme of Fund for Regeneration of Traditional Industries (SFURTI) assists in replacement of obsolete equipments, setting up common facility centres, product development and market promotion.

Under the scheme, 71 such clusters are to be set up during the 12th Plan period, while 26 clusters have been given final approval for establishing so far.

The Khadi Reforms and Development Programme (KRDP) is to revitalise the khadi sector with enhanced sustainability of khadi and in turn increase incomes and employment for spinners and weavers.

KVIC too is taking various steps to promote khadi by tying up with ecommerce portals, big malls etc. to promote khadi and increase its sale.

The agency is producing and selling new designer ready to wear clothes focused on youth like Khadi Denim, Khadi t-shirts, etc. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.8%
No
13.0%
Skip
10.1%

Total Votes: 69

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.3%
No
27.5%
Skip
10.1%

Total Votes: 69

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.5%
No
10.1%
Skip
4.3%

Total Votes: 69

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.4%
No
11.6%
Skip
13.0%

Total Votes: 69


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search