New Delhi: The
Khadi and Village Industries Commission (
KVIC) has registered a turnover of close to Rs 90,000 crore in FY20, up 16% from the turnover in FY 19.
Looking at the performance in the last one year, the turnover of Khadi registered a growth of 31% from Rs 3215.13 crore in 2018-19, to Rs 4211.26 crore in 2019-20, KVIC said in a statement on Friday.
The turnover of Village Industries products reached Rs 84,675.39 crore in 2019-20, registering a growth of over 19% from the previous year, i.e. 2018-19, which was at Rs 71,077 crore.
The cumulative turnover of KVIC in the FY20 stood at Rs 88,887 crore.
The production of Khadi has more than doubled since 2015-16, and the sale of the product has gone up by nearly three times during the same period.
"As a result of government’s sustained efforts to revive the Khadi industry and the Prime Minister’s repeated appeals from various platforms including his radio address “Mann ki Baat”, to adopt Khadi as a necessity of daily life, the KVIC has been continuously going up the growth trajectory" KVIC Chairman Vinai Kumar Saxena said in a statement.