The Khadi and Village Industries Commission (KVIC), operating under the Ministry of Micro, Small, and Medium Enterprises, has set unprecedented records in production, sales, and employment generation for the financial year 2023-24. KVIC Chairman Manoj Kumar announced these provisional figures, highlighting the significant strides made compared to the financial year 2013-14. In the financial year 2023-24, KVIC witnessed an astounding 399.
69% increase in sales and a 314.79% increase in production compared to 2013-14. Sales soared to over Rs.
1.55 lakh crore, surpassing the Rs. 1.
34 lakh crore recorded in the previous financial year. This monumental growth from Rs. 31,154.
20 crore in 2013-14 to Rs. 155,673.12 crore in 2023-24 marks the highest sales level in KVIC's history.
Production of Khadi and village industry products saw a significant jump from Rs. 26,109.08 crore in 2013-14 to Rs.
108,297.68 crore in 2023-24, reflecting a 314.79% increase.
This continuous rise is a testament to the effective implementation of policies and initiatives under Prime Minister Modi's guidance. KVIC's efforts have created 10.17 lakh new jobs in rural areas in 2023-24, an increase of 80.
96% compared to 2013-14. This achievement is a significant contribution to the , strengthening it by providing sustainable employment opportunities. The total employment provided by KVIC rose from 1.
30 crore in 2013-14 to 1.87 crore in 2023-24, a 43.65% increase.
The production and sales of Khadi fabrics have also.