India : KVIC retail outlets not impacted by demonetisation

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Home / Knowledge / News / Textiles / KVIC retail outlets not impacted by demonetisation

KVIC retail outlets not impacted by demonetisation

29
Dec '16

Retail stores managed by the Khadi and Village Industries Commission (KVIC) have not been impacted by the demonetisation of higher value currency notes. Most of the retail outlets operated by KVIC was already accepting digital payments, while its flagship store in New Delhi has been receiving almost 91 per cent of payments in digital mode.

A news agency quoted KVIC CEO Usha Suresh as adding that KVIC was not impacted by the demonetisation drive and also that the state owned agency is hosting awareness programmes to inform about cashless transaction benefits.

KVIC is organising a ‘Khadi Haat’ in Mumbai from December 26 to January 1, to extend a helping hand in selling traditional handmade goods of rural artisans from across Maharashtra. (AR)

Fibre2Fashion News Desk – India

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