KVIC Records Rs 1.7 Lakh Crore Turnover in 2024-25

In a milestone for India's rural economy, the Khadi and Village Industries Commission has achieved an unprecedented turnover of over Rs 1.7 lakh crore in the financial year 2024-25.

- TDG NETWORK

KVIC Chairman Manoj Kumar released the provisional data at the Commission's headquarters near Rajghat on Monday, attributing the achievement to Prime Minister Narendra Modi's leadership and guidance of the Ministry of Micro, Small and Medium Enterprises.

Having registered the highest turnover for KVIC since its formation, the Commission has now set an ambitious target of Rs 2 lakh crore in sales for 2025-26.

Kumar said that under the leadership of Prime Minister Narendra Modi and the guidance of the Ministry of MSME, the schemes and achievements of KVIC are contributing to the journey towards Viksit Bharat.

The growth figures showcase a remarkable transformation over the past 11 years.

Production has increased nearly fourfold from Rs 26,109.07 crore in 2013-14 to Rs 1,16,599.75 crore in 2024-25, reflecting a 347 per cent jump.

Sales have grown even more impressively, with a fivefold increase from Rs 31,154.19 crore to Rs 1,70,551.37 crore during the same period, representing a 447 per cent growth.