What does KVIC mean in COMMISSIONS
KVIC stands for Khadi and Village Industries Commission, an apex organization established in 1956 under the Ministry of Micro, Small and Medium Enterprises (MSME). It is the statutory body responsible for development of Khadi and other village industries located throughout India. Its mission is to create self-employment opportunities for rural people by making use of local resources and traditional skills. The KVIC has been promoting sustainable livelihoods since its inception, with a focus on creating employment and providing skill development opportunities in rural areas.
KVIC meaning in Commissions in Miscellaneous
KVIC mostly used in an acronym Commissions in Category Miscellaneous that means Khadi and Village Industries Commission
Shorthand: KVIC,
Full Form: Khadi and Village Industries Commission
For more information of "Khadi and Village Industries Commission", see the section below.
Scope of KVIC
The KVIC works in two distinct areas of rural job creation: khadi sector and village industry sector. In the khadi sector it promotes hand spun cloth through its network of more than 20,000 Khadi institutions across the country while in the village industry sector it encourages small scale cottage industries like secondary metal extraction, food processing, etc. It also provides technical support like design input, product development, quality control measures to such units. Furthermore, it helps incubate several micro enterprises that serve as employment avenues in non-traditional sectors. Additionally they provide marketing assistance to promote sale of products which are manufactured by these units among both domestic and international markets.
Impact of KVIC
Since its establishment the KVIC has played an important role in providing self-employment opportunities to rural communities whose economic activities are highly dependent on agricultural production or animal husbandry. It has opened up new avenues for income generation which can be done using locally available natural resources or acquired skills. As per estimates from 2016-17, around 5 million families have been benefitting from various schemes offered under this commission showing positive effect on their overall financial condition; many having achieved an increase in annual incomes ranging from Rs 50,000 to Rs one lakh within a few years.
Essential Questions and Answers on Khadi and Village Industries Commission in "MISCELLANEOUS»COMMISSIONS"
What is KVIC?
KVIC stands for the Khadi and Village Industries Commission, a statutory body established by the Government of India in April 1957 for the development of khadi and village industries. Its aim is to improve the economic condition of rural artisans who are engaged in traditional occupations like carpet making, potterywork, weaving and leather industries.
How does KVIC support these industries?
KVIC provides financial assistance through various schemes such as grants and loans to promote the production of khadi and village crafts. It also provides technical guidance and training courses on various aspects related to these industries. Additionally, it has set up several research laboratories to develop newer technologies that will help increase productivity in the sector.
What is the goal of KVIC's programmes?
The primary goals of all KVIC programmes are to create self-employment opportunities for rural artisans; ensure availability of raw materials at reasonable prices; strengthen marketing support systems; train skilled labourers and raise awareness about traditional craft-based industries among entrepreneurs and producers. Ultimately, all these efforts strive towards raising awareness among customers about Indian culture, heritage and products.
Does KVIC offer any kind of incentives or benefits?
Yes! The commission provides certain incentives such as subsidies on tools & equipment, exemption from excise duty on sales, capital investment subsidy and transport subsidy amongst others. In addition to this, it also offers numerous schemes which benefit entrepreneurs connected with khadi or village industry activities
Are there any limitations or restrictions on what kind of activities can be undertaken under a project supported by KVIC?
Generally speaking “Yes” but this varies from scheme to scheme so it’s best to check with your local agency/authority familiar with the project guidelines before submitting applications. Some projects may not be viable due to restrictions based on geographical location or other project considerations so due diligence should always be applied.
Who can register as an entrepreneur for KVIC schemes?
Any individual (male/ female) above 18 years of age who is willing to start a new enterprise in any field related to Khadi & Village Industries is eligible for registration under this scheme provided they have taken requisite permissions from local government authorities where applicable
Is foreign aid welcomed by KVIC?
Yes! The commission welcomes both domestic as well as foreign aid aimed at improving small scale enterprises (SSEs) related to khadi & village industries sector provided such initiatives adhere to applicable regulations. All aid would need prior approval from respective government authorities prior being implemented at ground level
Final Words:
The KVIC plays a pivotal role in reviving India's traditional art forms while also helping to generate employment opportunities at grassroots level at the same time. Its efforts towards fostering sustainable livelihoods have enabled millions across India to become economically independent thereby reducing poverty levels in their communities alongside achieving high standards of living over time With further Governmental support coupled with efficient execution of its programmes one can look forward to see even greater success stories coming out specially from the entrepreneurial wings that empower women entrepreneurs along with skilled artisans.