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ADB sanctions $150 mn for khadi development

25 Jan '10
4 min read

•Production Incentives:
The present rebate scheme will be replaced by artisan oriented production incentive plan.

•Reforms at Khadi Institution Level:
Direct reform assistance will be extended to 300 existing khadi institutions (KIs) to emerge as self reliant and organize khadi programme on their own without the assistance from government. 50 new khadi institutions will be assisted and those are to be organized and managed either on Entrepreneurship Model or on Producer Company Model.

The Government of India and the Asian Development Bank (ADB) signed the loan agreement for the $150 million Khadi Reform and Development Program (KRDP) on 22nd December 2009 in New Delhi. Dr. Anup K. Pujari, Joint Secretary (Multilateral Institutions), Ministry of Finance and Ms. Lesley B. Lahm, Officer in Charge, India Resident Mission of ADB signed the loan agreements on behalf of the Government of India and ADB respectively.

Ministry of Micro, Small and Medium Enterprises (M/o MSME) is the Executing Agency and Khadi and Village Industries Commission (KVIC) is the Implementing Agency of KRDP. The programme agreement between KVIC and ADB was signed Mr. J.S. Mishra, Chief Executive Officer, KVIC on behalf of KVIC and Ms. Lesley B. Lahm, Officer in Charge, India Resident Mission of ADB on behalf of ADB.

The ADB support is piggybacked by $2 million technical assistance (TA) provided under Japan Special Fund, through ADB, to support the implementation of the Program. The TA Agreement letter was also signed by the Government on 22nd December 2009.

Khadi and Village Industries Commission

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