Government policies for development and promotion of small scale industries in India
State Finance Corporations
Small Industries Development Bank of India
Entrepreneurship Development Institute of India
Khadi and Village Industries Corporation
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By S...SN Panigrahi, PMP
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Tranche 1: Business including MSMEs (May 13, 2020),
Tranche 2: Poor, including migrants and Farmers (May 14, 2020),
Tranche 3: Agriculture (May 15, 2020),
Tranche 4: New Horizons of Growth (May 16, 2020),
Tranche 5: Government Reforms and Enablers (May 17, 2020),
Cabinet Decisions on 1st June’2020,
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. R&D Funding scheme provides funds to institutions/ organizations in the area of research and development, for technical collaboration, etc.
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By S...SN Panigrahi, PMP
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By SN Panigrahi,
Essenpee Business Solutions,
During a Crisis, Real Leaders Rise and become Visible,
Call for Atmanirbhar Bharat Abhiyan or Self-Reliant India Movement,
Five announcements on the Aatmanirbhar Bharat Abhiyan stimulus package,
MSME in a New Awatar,
Tranche 1: Business including MSMEs (May 13, 2020),
Tranche 2: Poor, including migrants and Farmers (May 14, 2020),
Tranche 3: Agriculture (May 15, 2020),
Tranche 4: New Horizons of Growth (May 16, 2020),
Tranche 5: Government Reforms and Enablers (May 17, 2020),
Cabinet Decisions on 1st June’2020,
Mudra Shishu Loan,
Instilling Hope & Confidence through Mann Ki Baat,
PM Speaking @ CII : 5 Things to Build a Self-reliant India,
Inaugural Address at CII Annual Session 2020,
Vocal for our Local products,
Redefined the Responsibilities of Citizens,
Boycott Videshi (Chinese) Products
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. R&D Funding scheme provides funds to institutions/ organizations in the area of research and development, for technical collaboration, etc.
Introduction to MSMEs in India, Key Government Policies and Support for MSMEs, Ease of Doing Business : The India Story, Financing Sources for MSMEs, MSME Issues and Challenges and Role of Information Technology and Innovation
Being responsible for contributing to the expansion of entrepreneurial endeavours the Micro, Small and Medium Enterprises sector ( hereinafter MSME ) has been widening its domain across the country. The article intended to give detailed information on MSME, its background, recent initiatives and its working.
Enterpreneurship development assignment on role of district industry centresGunjan Awasthi
Role of DISTRICT INDUSTRY CENTRES in development of young enterpreneurs.
Helpful in Enterpreneurship development syllabus of Undergraduate courses.
Development of young enterprises
Income under the head of “House property”
2.Income under the head of “profit and gain of business or profession”
3.Income under the head of “Capital Gain”
4.Income under the head of “Income from other sources”
Micro, Medium and Small Enterprises
It is helpful for enterpreneurs and persons having interest in economy and want to gain knowledge regarding society.
You can contact me directly for any type of assistance
As per PTU Syllabus: Entrepreneurship and Micro, Small and Medium Enterprises Small scale industry, product range, capital investment, ownership patterns -Importance and role played by SSI in the development of the Indian economy - Problems faced by SSI’s and the steps taken to solve the problems - Policies governing SSI’s.
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This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
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The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
2. Government Policies for
Development and Promotion
of Small-Scale Industries in
India
There are many Government Policies for
development and promotion of Small-
Scale Industries in India. These are
mentioned as below:
◦ Industrial Policy Resolution (IPR) 1948
◦ Industrial Policy Resolution (IPR) 1956
◦ Industrial Policy Resolution (IPR) 1977
◦ Industrial Policy Resolution (IPR) 1980
◦ Industrial Policy Resolution (IPR) 1990
3. Industrial Policy Resolution (IPR)
1948:
The IPR, 1948 for the first time, accepted the
importance of small-scale industries in the overall
industrial development of the country. It was well
realized that small-scale industries are
particularly suited for the utilization of local
resources and for creation of employment
opportunities.
However, they have to face acute problems of
raw materials, capital, skilled labour, marketing,
etc. since a long period of time. Therefore,
emphasis was laid in the IPR, 1948 that these
problems of small-scale enterprises should be
solved by the Central Government with the
cooperation of the State Governments. In
nutshell, the main thrust of IPR 1948, as far as
small-scale enterprises were concerned, was
‘protection.’
4. Industrial Policy Resolution
(IPR) 1956:
The IPR 1956 provided that along with
continuing policy support to the small
sector, it also aimed at to ensure that
decentralised sector acquires
sufficient vitality to self-supporting and
its development is integrated with that
of large- scale industry in the country.
To mention, some 128 items were
reserved for exclusive production in
the small-scale sector.
5. Industrial policy resolution
(IPR)1977
It emphasize that whatever can be produced
by SSIS must only be so produced. The main
thrust of policy was effective promotion of
cottage, village and small industries widely
dispersed in rural areas and small towns.
This thinking specified the following things:
◦ 504 items were reserved for exclusive production
in the small-scale industries.
◦ The concept of District Industries ICs) was
introduced so that in each district a single agency
could meet all the requirements of SSIs under
one roof.
6. It stated that besides continuing the
policy support to cottage, village and
small industries by differential taxation
or direct-subsidies, the aim of state
policy would be that the development
of this sector is integrated with that of
large scale industry.
7. Technological up gradation was
emphasized in traditional sector.
Special marketing arrangements
through the provision of services, such
as, product standardization, quality
control, marketsurvey, were laid down
8. Industrial policy resolution (IPR)
1980
Investment limit was raised for tiny,
small, and ancillary units to Rs. 2 lacs,
Rs. 20 lacs, and Rs. 25 lacs
respectively.
Reservation of items and marketing
support for small industries was to
continue.
Availability of credit to growing SS
units was continued.
Buffer stocks of critical inputs were to
continue.
9. Agricultural base was to strengthen by
providing preferential treatment to agro-
based industries.
Stress was reiterated to upgrade
technology to improve competitiveness.
Special emphasis was laid on training of
women and youth under Entrepreneurial
Development Programmed.
Activities of Khadi and Village Industries
Commission and Khadi and Village
Industries Board were to expand.
10. Industrial policy resolution
(IPR)1990
It raised the investment ceiling in plant
and machinery for SSIS.
It created central investment subsidy for
this sector in rural and backward areas.
Also, assistance was granted to women
entrepreneurs for widening the
entrepreneurial base.
Reservation of items to be produced by
SSIs was increased to 836.
Small Industries Development Bank of
India was established to ensure
adequate flow of credit to SSIS.
11. DISTRICT INDUSTRIES
CENTERS (DICs)
District Industries Centers (DICs) provide full assistance to
the entrepreneurs who are going to start the business on their
own and in their regional places. These centers provide
service and support to small entrepreneurs under a single
roof at both pre and post investments.
The DICs program was started on May 1st in the year of 1978
with a view to providing integrated administrative framework
at the district level for promotion of small scale industries in
rural areas. Providing complete assistance and support to
entrepreneurs in multi-regions are the ultimate aims of DICs.
These DIC programs can take over the responsibilities in
order to promote cottage and small scale industries at district
level effectively.
DIC’s are the implementing arm of the central and state
governments of the various schemes and programmes.
Registration of small industries is done at the district
industries centre and PMRY (Pradhan Mantri Rojgar Yojana)
is also implemented by DIC. Management of DIC is done by
the state government.
12. OBJECTIVES OF DISTRICT
INDUSTRIES CENTERS (DICS)
The following are the main objectives of DICs:
To identify the new entrepreneurs and providing
assistance to them regarding their own startup’s.
To provide financial and other facilities to small
enterprises.
To enhance the rural industrialization and also the
development of handicrafts.
To reach economic equality in multiple areas of the
district.
To allow various government schemes to the new
entrepreneurs.
To desize the regional imbalance of development.
To make all the necessary facilities to come under one
roof.
13. FUNCTIONS OF DISTRICT
INDUSTRIES CENTERS (DICS)
The DIC’s programme is funded jointly
by the concerned state and central
government. It took part in various
promotional measures In order to bring
out the development of small unit sectors
in the district level. The DIC’s performs
the following functions mainly:
1. To spot the entrepreneurs: DICs
conducting various motivational
programmes so that they can find new
entrepreneurs throughout the districts.
14. 2. Purchase of fixed assets: To purchase
fixed assets, the DICs suggest loan
applications of the prospective
entrepreneur to some of the concerned
financial and development institutions
like National Small Industries
Corporation, Small Industries Service
Institute etc., DIC’s also recommend
commercial banks so that to meet the
working capital requirement of SSI to
run operations daily
15. 3. Offers subsidies and other incentives:
DICs help the rural people to get subsidies
offered by the government on various
schemes. It leads to the betterment in
boosting financial capacity of the units and
may undergo for further development
activities.
4. Guidance of import and export:
Government provides various types of
incentives for import and export on particular
goods and services. The license to the
importer and exporter is issued on the basis
of recommendation of DIC.
16. 5. Entrepreneurial training programmes:
DICs allow a lot of training programmes for
the rural entrepreneurs who are new to the
business world and also recommend other
institutions to take part in such training
programs. These are intended to give better
assistance to the new entrepreneurs.
6. Provides employment for unemployed
educated ones: The DICs have introduced
a scheme to guide the unemployed
educated youth by providing them facilities
for self employment. The age limits between
18 to 35 years with minimum qualification of
metric or technical trade.
17. STRUCTURE OF DISTRICT
INDUSTRIES CENTERS (DICS)
DIC’s consists of:
◦ A General Manager.
◦ Functional Managers (4 members).
Three of the functional managers would be in the
economic investigation domain, credit and village
industries. Whereas the fourth functional manager
may be with the responsibility in any of the areas
such as raw materials marketing, training etc.
based on the particular requirements of that district.
◦ Project Managers(3 members)
Based on the needs in the area of the district
concerned they provide technical service. Their role
is to work for modernization and up gradation of
technology in small units.
18. SCHEMES UNDER DISTRICT
INDUSTRIES CENTERS (DICS)
The following are the some of the schemes under District
Industries Centre (DIC):
1. Prime minister’s employment generation program
(PMEGP): The objective of this centrally sponsored
scheme of Ministry of Micro, Small & Medium
Enterprises, and Government of India being
implemented since October, 2008 is to provide gainful
self-employment opportunities to educated
unemployed one’s through industrial activities,
services and business.
2. Seed money scheme: The scheme focuses to
encourage an unemployed person to take up self-
employment ventures through industry, service and
business, by providing soft loans to meet part of the
margin money to avail institutional finance.
19. 3. Dic loan scheme: The aim of the scheme is to
generate employment opportunities including self-
employment to small units located in towns and rural
areas with the population of less than 1 lakh and with
the investment on plant & machinery below 2 Lakhs.
Such identified micro units falling within the purview of
the Small Scale Industries Board and Village
Industries, handicrafts, handlooms, Silk & Coir
Industries are covered for financial assistance in the
form of margin/seed money under the Scheme.
4. Entrepreneurship development training program:
The objective of training educated unemployed
persons to take up self-employment ventures or skilled
wage employment. Entrepreneurs are given guidance
related to industry/service/business activities & skill up
gradation. Entrepreneurs are also guided in respect of
choice of activity, necessities of land, project report,
obtaining various no objection certificates, licenses
and marketing strategy.
20. 5. District award schemes: To encourage
entrepreneurs in establishing small scale
enterprises and also to extols them for their
success and achievements, the State
Government has started honoring such
entrepreneurs with District Award Scheme at
the district level. Proprietors / Partner’s /
Directors of enterprises who have obtained
EM registration with the concerned District
Industries Centre at least three years earlier
and in production for two continuous years
are eligible for the award. These awards are
given to them under the scheme of this
District Award scheme.
21. 6. PMRY Scheme: PMRY(Prime Minister
Rozgar Yojana) scheme was introduced
on the auspicious day of 2nd October,
1993, the birth Anniversary of Mahatma
Gandhi all over the country .The main
objective of the PMRY scheme was to
provide easy subsidized financial
assistance to educated unemployed
youth for starting their own businesses
in the fields like manufacturing,
business & service and trade sectors.
22. ROLE OF DIC FOR THE
PROMOTION OF SMALL
SCALE AND COTTAGE
INDUSTRIES DIC provides the information on sources of machinery and
equipment.
Conducts multiple training programs to encourage the
entrepreneurs.
Gives assistance to entrepreneurs under State Incentives scheme
and funding assistance through self employment schemes.
It allots raw materials to the concerned industries at district level.
DIC gives the information about marketing and its assistance on
participating trade fairs/buyers-sellers meet and so on.
Guidance regarding Import and Exports of specific goods and
services.
Improves the managerial capacity by organizing various seminars,
workshops etc.
It clears the problems related to SSI Registration/Bank
loan/Marketing of production etc.
Single window assistance District Industries Centers.
Products standardization
Promotion of products under Non-conventional Energy Sources.
Design and product development for handicrafts.
23. SFC (State Finance
Corporation)
The State Finance Corporations
(SFCs) are an integral part of
institutional finance structure of a
country. Where SFC promotes small
and medium industries of the states.
Besides, SFC help in ensuring
balanced regional development,
higher investment,
more employment generation and
broad ownership of various industries.
24. At present in India, there are 18 state
finance corporations (out of which 17
SFCs were established under the SFC
Act 1951). Tamil Nadu Industrial
Investment Corporation Ltd. which is
established under the Company Act,
1949, is also working as state finance
corporation.
25. Objectives and Scopes:
The main objectives of the S.F.C are
to provide financial assistance to
medium and small scale industries
which are outside the scope of
Industrial Financial Corporation of
India. The main function of S.F.C. is
limited within its states. It covers not
only public limited companies but also
private limited companies, partnership
firms and proprietary concerns.
26. Organization and Management
A Board of ten directors manages
the State Finance Corporations. The State
Government appoints the managing director
generally in consultation with the RBI and
nominates the name of three other directors.
All insurance companies, scheduled banks,
investment trusts, co-operative banks, and
other financial institutions elect three
directors.
Thus, the state government and quasi-
government institutions nominate the majority
of the directors.
27. Functions of State Finance
Corporations
The various important functions of State
Finance Corporations are:
The SFCs provides loans mainly for the
acquisition of fixed assets like land,
building, plant, and machinery.
The SFCs help financial assistance to
industrial units whose paid-up capital
and reserves do not exceed Rs. 3 crore
(or such higher limit up to Rs. 30 crores
as may be notified by the central
government).
The SFCs underwrite new stocks,
shares, debentures etc., of industrial
units.
28. According to section 2(C) of the SFC Act 1951 as
amended in 1961, the SFC can assist an industrial
concern that is engaged in any of the following
activities:
Manufacture, preservation or processing of goods
Hotel Industries
Road Transport
Generation or distribution of electricity or any other form
of power
Development of any area of land as industrial estate.
Fishing or providing facilities for fishing or manufacture
of fish products.
Providing special or technical knowledge or other
services for the promotion of industrial growth.
29. SIDBI – Small Industries
Development Bank of India
The SIDBI (Small Industries
Development Bank of India) is a wholly
owned subsidiary of IDBI (Industrial
Development Bank of India), established
under the special Act of the Parliament
1988 which became operative from April
2, 1990.
SIDBI is the Primary Financial Institution
for promoting, developing and
financing MSME (Micro, Small and
Medium Enterprise) sector.
30. SIDBI helps MSMEs in acquiring the
funds they require to grow, market,
develop and commercialize their
technologies and innovative products.
The bank provides several schemes
and also offers financial services and
products for meeting the individual’s
requirement of various businesses.
31. Finance Facilities Offered by
SIDBI
Small Industries Development Bank of India, offers the following
facilities to its customers:
Direct Finance
◦ SIDBI offers Working Capital Assistance, Term Loan Assistance,
Foreign Currency Loan, Support against Receivables, equity
support, Energy Saving scheme for the MSME sector, etc.
Indirect Finance
◦ SIDBI offers indirect assistance by providing Refinance to PLIs
(Primary Lending Institutions), comprising of banks, State Level
Financial Institutions, etc. with an extensive branch network
across the country. The key objective of the refinancing scheme is
to raise the resource position of Primary Lending Institutions that
would ultimately enable the flow of credit to the MSME sector.
Micro Finance
◦ Small Industries Development Bank of India offers microfinance
to small businessmen and entrepreneurs for establishing their
business.
32. Objectives of SIDBI
To promote marketing of products of
small scale sector.
To upgrade technology and also
undertaking modernization of small scale
units.
To provide more financial assistance to
small scale ancillary and tiny sector.
To encourage employment oriented
industries.
To coordinate all the other institutions
involved in the promotion of small scale
industries.
33. The Entrepreneurship
Development Institute of India
(EDII)
Registered under the societies
registration act 1860 & the public trust
act 1950, the EDII was set up in 1983.
Established as a collaboration
between Gujarat Govt. & the financial
institutions at the national level (like
SBI, IDBI bank, ICICI Ltd & IFCL Ltd).
It is committed to entrepreneurship
education, training and research.
34. EDI’s Mandate
To augment supply of new, competent and
globally competitive entrepreneurs through
education, training & research
To increase competitiveness of SMEs
To contribute to the dispersal of business
ownership and thus expand social base of
entrepreneurial class
To promote inter-firm cooperation and
collaboration to achieve competitive edge
through cluster, value chain and local area
development
To contribute to creation & dissemination of
knowledge in entrepreneurial theory & practice
and undertake policy advocacy to create a
conducive environment wherein SMEs could
germinate and grow.
35. Focus
Entrepreneurship Education
Livelihood, Micro-enterprise & Micro-
finance Development
Performance Improvement & Growth of
Existing Entrepreneurs
ED Organisations and Support System
Cluster and value chain development
Social Entrepreneurship
Women Entrepreneurship
Research in Entrepreneurship Education
and Development
36. Khadi and Village Industries
Commission
The Khadi and Village Industries
Commission (KVIC) is a statutory
body formed in April 1957 (as per an RTI) by
the Government of India, under the Act of
Parliament, 'Khadi and Village Industries
Commission Act of 1956'. It is an apex
organisation under the Ministry of Micro,
Small and Medium Enterprises, with regard
to Khadi and village industries within India,
which seeks to - "plan, promote, facilitate,
organise and assist in the establishment and
development of khadi and village industries in
the rural areas in coordination with other
agencies engaged in rural development
wherever necessary.
37. The common characteristic found in both -
Khadi and Village Industries is that they
are labor intensive in nature. In the wake
of industrialization, and the mechanization of
almost all processes, Khadi and Village
industries are suited like no other to a labour
surplus country like India.
Another advantage of Khadi and Village
Industries is that they require little or no
capital to set up, thereby making them an
economically viable option for the rural poor.
This is an important point with reference to
India in view of its stark income, regional and
rural/urban inequalities.
38. Objectives of KVIC
To promote Khadi in rural areas
To provide employment
To produce saleable articles
To create self-reliance amongst the
poor
To build up strong rural community
39. Functions of KVIC:
Building up of a reserve of raw materials and
implementation for supply to producers
Formation of common service facilities for
processing of raw materials that include
semi-finished goods
Promoting the sale and marketing of Khadi
and Village Industries products, as well as
handicrafts
Promoting research in the village industries
sector related production techniques and
equipment
Providing financial assistance to individuals
and institutions for the development and
operation of Khadi and Village industries
40. Schemes and Programs of the
Commission
Prime Ministers Employment
Generation Program (PMEGP)
◦ The Prime Minister's Employment Generation
Programme (PMEGP) is the result of the
merger of two schemes - Prime Minister's
Rojgar Yojana (PMRY) and The Rural
Employment Generation Programme
(REGP).
Interest Subsidy Eligibility
Certification Scheme (ISEC)
◦ The Interest Subsidy Eligibility Certificate
(ISEC) Scheme is the major source of
funding for the Khadi programme.
41. Rebate Scheme
◦ The rebate on sales of Khadi and Khadi
products is made available by the
Government so as to make the price of Khadi
and Khadi products competitive with other
textiles. Normal rebate (10 per cent) all
through the year and an additional special
rebate (10 per cent) for 108 days in a year, is
given to the customers.
◦ The rebate is allowed only on the sales made
by the institutions/centers run by the
Commission/State Boards and also at the
sales centers run by the registered
institutions which are engaged in the
production of Khadi and polyvastra.