Budgetary Support and Performance of the Khadi and Village Industry in India: An Overview
Abstract
The term "khadi" is associated with Indian culture and can be traced back to the times of the Indian freedom struggle led by Mahatma Gandhi, the father of the nation. Khadi and village industry productivity became a great symbol of nationalism. The importance of Khadi and village industry is linked to rural industrialization, which leads to rural population welfare and economic development, as well as regionally balanced economic growth. Khadi activity is viewed as a potential tool for creating employment opportunities for rural artisans with very little capital investment. KVIC is a statutory body that promotes Khadi production and sale. In India, over 2737 Khadi companies are implementing KVIC schemes. This activity involves more than 4.97 lakh people of which 80% are women artisans. The Khadi and Village Industries sector, as part of MSMEs, contributes significantly to productivity and job creation and the sector contributes to the country's economic growth. In this article, an attempt has been made to analyze the performance of Khadi and Village Industry in terms of performance indicators namely production, sales, employment, and earning. Data for studying the performance of the KVI sector was gathered from secondary sources such as journals, annual reports, and other websites.
How to Cite This Article
Biman Dutta (2025). Budgetary Support and Performance of the Khadi and Village Industry in India: An Overview . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 6(6), 796-800.