With a turnover of Rs 1,15,415.22 crore for the Financial Year 2021-22, the Government-run Khadi and Village Industries Commission (KVIC) stands far ahead of all FMCG companies in the country. Thanks to the constant support of Prime Minister Narendra Modi, KVIC has, for the first time, emerged as the only entity in the country to have recorded a turnover of Rs 1 lakh crore.
In FY 2021-22, the overall turnover of KVIC stood at a whopping Rs 1,15,415.22 crore as compared to Rs 95, 741.74 crore in the previous year, i.e. 2020-21. KVIC has thus registered a growth of 20.54% from the year 2020-21. Compared to the year 2014-15, the overall production in Khadi and Village Industry sectors in 2021-22 has registered a whopping growth of 172% while the gross sales during this period increased by over 248%.
Commenting on the achievement, KVIC Chairman, Vinai Kumar Saxena said: “Innovative schemes, creative marketing ideas and active support from various ministries have also added to the Khadi’s growth in recent years. Prime Minister’s repeated appeals to achieve self-reliance by promoting Swadeshi, and particularly Khadi have done wonders. KVIC has succeeded in achieving such massive growth which no other FMCG company can match.”
In the last couple of years, KVIC’s main focus has been to create sustainable employment for artisans and unemployed youth. Faced with economic distress, a large number of youths took up self-employment and manufacturing activities under PMEGP which increased the production in the village industry sector.
The sales of Khadi and village industry products grew significantly following the Prime Minister’s appeal to buy Swadeshi products. This is also evident from the fact that Khadi’s single-day sale at its flagship store at Connaught Place in New Delhi also reached the all-time high of Rs 1.29 crore on 30th October 2021.
