Khadi sales upbeat with Rs 5051.72 cr business in FY22

New Delhi, Dec 22 (KNN) Showing an increasing trend, sales of Khadi sector touched Rs 5051.72 crore in the financial year 2021-22, said Union MoS MSME  Bhanu Pratap Singh Verma on Thursday.

Submitting a written reply in Lok Sabha, he highlighted the ‘Khadi Reform and Development Programme’ (KRDP) which aims to revitalize the Khadi sector by renovating sales outlets run by Khadi Institutions to increase incomes and employment for spinners and weavers.

During 2019-20 the sales of Khadi was Rs 4211.26 crore and in 2020-21 it dropped to Rs 3527.71 crore due to the covid-19 pandemic.

The main objective of renovation of outlets under KRDP is to increase the sales of Khadi products.

KVIC also provides financial assistance for Marketing Infrastructure under the existing scheme of ‘Strengthening of Infrastructure of existing weak Khadi Institutions and Assistance for marketing infrastructure’ for the renovation of Sales Outlets including modernization and computerization of Sales outlets.

Under this scheme, financial assistance upto the Rs 25.00 lakh has been provided to KIs/Departmental Sales Outlets/sales outlets of Khadi and Village Industries Boards (KVIBs) to develop marketing infrastructure.

Since, inception of scheme i.e. 2009-10, 358 sales outlets were renovated with a financial assistance of Rs 2966.55 lakhs 47 sales outlets were renovated during the year 2021-22. 
(KNN Bureau)