CCI clears Bharat Forge-AAM India Manufacturing deal with voluntary modifications (See 'Corp Brief') CCI cleared joint proposal of wealth management firm 360 ONE and Bharti Life Ventures to acquire stakes in Bharti Axa Life Insurance Company (See 'Corp Brief') Enforcement Directorate attached fresh assets worth 1,500 crores as part of money-laundering investigation against Sahara Group IBC - Penalty imposed can be reduced to period already under gone and suspension of appellant would be deemed to come to end from date of order: HC (See 'Legal Desk') CCI approves Kandhari's Rs 2,000-cr deal for Coca-Cola's bottling unit (See 'Corp Brief') NABARD buys 10% stake in agri-fintech venture 24*7 Moneyworks consulting MeitY hosts 'I Am Circular' Coffee Table Book, curetted by International Council for Circular Economy (See 'Corp Brief') ICAI starts prove into Gensol, BluSmart fraud charges Misc - In view of authorization of any director of company to institute a suit/litigation under Memorandum and Articles of Association, applications are competent even in absence of Resolution: HC (See 'Legal Desk') CCI has approved Bharat Forge's acquisition of AAM India Manufacturing Corporation Pvt Ltd after accepting certain voluntary modifications Traders’ body demanded setting up of independent regulatory body for digital commerce for oversight and holding accountability on e-commerce and quick commerce platforms WAVES 2025 seeks to firmly establish India as global hub for media & entertainment sector (See 'Corp Brief') SEBI announced change in cut-off timings to determine net asset value with respect to repurchase or redemptions of units in + overnight schemes of mutual funds RBI has cancelled licence of Ajantha Urban Co-operative Bank Maryadit, Aurangabad, as lender does not have adequate capital and earning prospects BIS to offer internship for 500 students from partner institutions (See 'Corp Brief') Nuvama cuts Oberoi Realty's price target by 15% due to weak sales GIFT Nifty indicates strong start for Indian equity indices as it takes cues from Asian and US markets Union Health Secretary has urged for strengthening capacities for prevention, preparedness and mitigation fire safety in hospitals (See 'Corp Brief') Electric two-wheeler maker Ather Energy filed its red herring prospectus trimming size of its IPO amid ongoing market volatility CPC - Question of imputing knowledge to plaintiffs for purpose of barring their amendment on basis of limitation is unmerited: HC (See 'Legal Desk') Tata Investment declares Rs.27 dividend per share for FY25 amid 38% profit slump Reschedule work hours to mitigate effect of extreme heatwaves, Centre tells State (See 'Corp Brief') PMLA - Relevant date to find out scheduled offence and offence of money laundering is when it is projected to be untainted property to make out an offence u/s 3 of PMLA: TRIBUNAL (See 'Legal Desk') IndusInd Bank's share prices fall 6% amid forensic audit by EY into Rs.600 crore discrepancy CCI okays Google's settlement proposal in Android TV matter (See 'Corp Brief') DBT saves Rs.3.48 lakh crore, records 16-fold surge in beneficiaries (See 'Corp Brief') NBFC Firm Piramal Finance has forged co-lending partnership with ICICI Bank to improve credit accessibility in rural and semi-urban regions Khadi & Village Industries Commission has recorded all-time high turnover exceeding Rs 1.70 lakh crore in F.Y 2024–25 (See 'Corp Brief') JIO Finance, NBFC arm of Jio Financial Services, has introduced fully digital loan against securities for its customers with interest rate starting at 9.99% SARFAESI Act - An entity which does not qualify as Financial Institution u/s 2(1)(m)(iv) cannot seek CMM's assistance u/s 14 of the Act to enforce secured interest: HC (See 'Legal Desk') Mental strengh equally important for soldier as combat skill: Rajnath Singh (See 'Corp Brief') Bengaluru based BlueStone Jewellery has received SEBI’s approval to raise funds via IPO, which will be combination of fresh issue of shares of up to Rs. 1,000 crores SARFAESI Act - Financial Institution needs to have assets worth Rs. 100 crores or more to be eligible to invoke provisions of Act for enforcing secured interest: HC (See 'Legal Desk') To enhance investor protection and curb financial fraud, SEBI has directed all regulated entities to exclusively use '1600' phone number series for service calls Fatty liver disease is preventable, reversible through healthy lifestyle choices: JP Nadda (See 'Corp Brief') PMLA - When sickness is serious enough to pose threat to life and requires medical assistance which is unavailable in jail facilities, accused should be granted bail under PMLA: HC (See 'Legal Desk') CCI has cleared South Africa-based Sanlam and Shriram Credit Company's joint proposal to acquire stake in Shriram Asset Management Company 42 Finalists of WAVES 2025 Animation Film makers Challenge announced (See 'Corp Brief') Second Edition of three-week Tri-services 'Future Warfare Course' in Delhi from April 21 (See 'Corp Brief') IPR - Registered trade mark may be taken off Register of Trade Marks if same is not used in relation to those goods/ services in respect of which it is registered for continuous period of at least 5 years: HC (See 'Legal Desk') Union Home Minister unveils 'HEALD' initiative to combat liver diseases across India (See 'Corp Brief') Union Minister Dr Jitendra Singh, along with Chief Minister Omar Abdullah, inaugurated first-ever Multi-level Parking Complex in heart of Kathua town (See 'Corp Brief') SEBI Act - writ petition under Articles 226 & 227 not maintainable as alternate statutory remedy under Section 15Z of the SEBI Act, 1992, is available: HC (See 'Legal Desk') Startup Life Ledger: A CA's Reflection on Founder's Balance Sheet (See 'CORP EINSICHT')

Khadi & Village Industries Commission has recorded all-time high turnover exceeding Rs 1.70 lakh crore in F.Y 2024–25

Published: Apr 22, 2025

By TIOLCorplaws News Service

NEW DELHI, APR 22, 2025: THE Khadi and Village Industries sector, which empowers the spirit of self-reliance in the country, has not only touched new heights in the last 11 years under the dynamic leadership of Prime Minister Narendra Modi and the guidance of the Ministry of Micro, Small and Medium Enterprises (MSME), but has also brought new light to hope in the lives of crores of villagers. Khadi, the legacy of Pujya Bapu, is no longer just a fabric, but has become a symbol of the creation of 'Ek Bharat, Shreshtha Bharat'. Said Manoj Kumar Chairman KVIC while releasing the provisional data of Khadi and Village Industries for the financial year 2024-25 at the office located at Rajghat, New Delhi on Monday. He informed that KVIC has set a new record of production, sales and new employment generation in the financial year 2024-25. In the last 11 years, there has been an increase of 447 percent in sales, 347 percent in production and 49.23 percent in employment generation. As said, in the financial year 2023-24, there was an increase of 399.69% in sales and 314.79% in production in comparison to the year 2013-14, he added.

Chairman Manoj Kumar further said that this excellent performance of KVIC has made a significant contribution towards realizing the resolution of 'Viksit Bharat' by the year 2047 and making India the third economy of the world. He attributed this historic achievement to the inspiration of Pujya Bapu, the guarantee of Prime Minister Narendra Modi, the guidance of the Ministry of MSME and the tireless hard work of crores of artisans working in the remote villages of the Country. Chairman KVIC shared that while the production of Khadi and Village Industry products was Rs. 26109.07 crore in the financial year 2013-14, it increased nearly four times to Rs. 116599.75 crore in the financial year 2024-25 with a jump of 347 percent. While the sales were Rs. 31154.19 crore in the financial year 2013-14, it increased nearly fivefold with an unprecedented growth of 447 percent to reach Rs. 170551.37 crore in the financial year 2024-25, which is the highest sale till date.

Speaking to the media, he opined that unprecedented growth has also been observed in the production of Khadi clothes in the last 11 years. While the production of Khadi clothes was Rs. 811.08 crore in the financial year 2013-14, it increased by 366 percent and increased four and a half times to Rs. 3783.36 crore in the financial year 2024-25, which is the best performance till date. There has also been a tremendous jump in the sales of Khadi clothes. While its sale was only Rs. 1081.04 crore in the financial year 2013-14, it increased by about six and a half times to Rs. 7145.61 crore in the financial year 2024-25 with an increase of 561 percent. The promotion of Khadi by Prime Minister Narendra Modi from a larger platform has had a huge impact on the sale of Khadi clothes, he reiterated.

Speaking on objective of the Khadi and Village Industries Commission he said that major objective of KVIC is to provide maximum employment opportunities in rural areas. In this area too, KVIC has set a record in the last 11 years. While the cumulative employment was 1.30 crore in the financial year 2013-14, it rose to 1.94 crore in 2024-25 with an increase of 49.23 per cent. There has also been an unprecedented increase in the business of Khadi and Village Industries Bhawan, New Delhi. While the business of Bhavan was Rs. 51.02 crore in the financial year 2013-14, it increased by almost 2 times and reached Rs 110.01 crore in the financial year 2024-25 with a jump of 115 percent. Since the launch of the Pradhan Mantri Employment Generation Program (PMEGP) scheme, a total of 1018185 units have been established, for which the Government of India has distributed margin money subsidy of Rs. 27166.07 crore against a loan of Rs. 73348.39 crore. So far 90,04,541 people are getting employment through PMEGP.

He said that with the aim of providing employment to maximum number of people in rural areas under the Gramodyog Vikas Yojana Scheme, KVIC has more than doubled the budget of Rs 25.65 crore in the financial year 2021-22 by 134 percent to Rs. 60 crore in the financial year 2025-26. So far, 39244 electric pottery wheels, 227049 bee boxes and honey colonies, 2344 automatic and pedal-operated incense stick manufacturing machines, 7735 footwear manufacturing and repairing toolkits, 964 paper plate and dona manufacturing machines, 3494 AC, mobile, sewing, electrician, plumber toolkits, 4555 turnwood, waste wood craft, wooden toy making machines as well as 2367 palm jaggery, oil ghani and tamarind processing machines have been distributed under the Gramodyog Vikas Yojana Scheme. If we talk about the last three financial years, a total of 22284 machines and equipment were distributed in the year 2022-23, 29854 in the financial year 2023-24 and the highest 37218 machines and equipment in the financial year 2024-25. Under Gramodyog Vikas Yojana, KVIC has made a significant contribution in the creation of a self-reliant India by distributing a total of 287752 machines, toolkits and equipment so far.

Speaking on significant contribution towards women empowerment he further said that in the last 10 years, 7,43,904 trainees have been trained through 18 departmental and 17 non-departmental training centres of KVIC, out of ??which 57.45 percent i.e. 4,27,394 are women. Apart from this, 80 percent of the 5 lakh Khadi artisans are also women. In the last 11 years, the wages of Khadi artisans has been increased by 275 percent while in the last three years, it has been increased by 100 percent.

TIOL CORP SEARCH

TIOL GROUP WEBSITES