New Delhi, July 9 (UNI) The figures for 2023-24 financial year show that the turnover of the Khadi and Village Industries Commission (KVIC) has crossed Rs 1.5 lakh crore for the first time, marking a 399.69% increase in sales and a 314.79% rise in production over the past decade, an official said on Tuesday.
Over the past ten years, under the Narendra Modi government, sales of Khadi and village industry products have grown from Rs. 31,154.20 crore in 2013-14 to Rs. 1,55,673.12 crore in 2023-24, the official said.
KVIC Chairman Manoj Kumar released the provisional figures for the financial year 2023-24 at the Rajghat office in New Delhi, highlighting a significant milestone in production, sales, and employment generation.
New employment generation has surged by 80.96% compared to 2013-14. In 2023-24, KVIC’s efforts created 10.17 lakh new jobs in rural areas, bolstering the rural economy.
For the first time in independent India’s history, KVIC product sales exceeded Rs. 1.55 lakh crore in 2023-24, up from Rs. 1.34 lakh crore in 2022-23, he said.
“The inspiration of revered Bapu, the guarantee of Prime Minister Narendra Modi, and the tireless efforts of artisans in remote villages have led to this historic achievement,” said KVIC Chairman Kumar.
“‘Modi’s ‘Brand Shakti’ has increased people’s confidence in Khadi products, making Khadi a ‘new status symbol’ of fashion for the youth,” he said.
Production of Khadi and village industry products reached Rs. 1,08,297.68 crore in 2023-24, a 314.79% jump from Rs. 26,109.08 crore in 2013-14. Sales figures have also seen unprecedented growth, with an increase from Rs. 31,154.20 crore in 2013-14 to Rs. 1,55,673.12 crore in 2023-24.
The production of Khadi fabrics alone rose from Rs. 811.08 crore in 2013-14 to Rs. 3,206 crore in 2023-24, a 295.28% increase. Similarly, Khadi fabric sales increased from Rs. 1,081.04 crore in 2013-14 to Rs. 6,496 crore in 2023-24, a 500.90% rise.
Employment generation has also seen significant growth. Cumulative employment in KVIC reached 1.87 crore in 2023-24, a 43.65% increase from 1.30 crore in 2013-14. The New Delhi Khadi Gramodyog Bhavan’s business grew by 87.23%, reaching Rs. 95.74 crore in 2023-24.
These achievements are attributed to Prime Minister Modi’s initiatives like ‘Make in India,’ ‘Vocal for Local,’ and the promotion of Swadeshi products.
“The trust of the people in ‘Make in India’ and ‘Swadeshi products’ is evident in these figures,” added Manoj Kumar.
