Khadi Exceeds Turnover of Rs.1 lakh Crore in 2021-22

02 May 2022: Khadi and Village Industries Commission (KVIC) for the first time, clocked a massive turnover of Rs.1.15 lakh crore, which is unprecedented by any FMCG company in the country. This makes KVIC the only company in the country to have recorded a turnover of Rs.1 lakh crore.

In FY 2021-22, the overall turnover of KVIC stood at a whopping Rs.1,15,415.22 crore as compared to Rs.95, 741.74 crores in the previous year (KVIC has Registered growth of 20.54% from the year 2020-21). Looking at the performance in the last year, the biggest impact can be seen in the Khadi sector which has registered a growth of 43.20% from Rs.3,528 crore in 2020-21 to Rs.5,052 crore in 2021-22.

KVIC Chairman, Vinai Kumar Saxena attributed Khadi’s phenomenal growth to the constant support of Prime Minister Shri Narendra Modi to promote Khadi in the country. At the same time, innovative schemes, creative marketing ideas and active support from various ministries have also added to the Khadi’s growth in recent years. “Prime Minister’s repeated appeals to achieve self-reliance by promoting “Swadeshi” and particularly “Khadi” has done wonders.

Notably, people have responded enthusiastically to the Prime Minister’s calls for “Aatmanirbhar Bharat” and “Vocal for Local”. In the last couple of years, KVIC’s main focus has been to create sustainable employment for artisans and unemployed youth. Faced with economic distress, a large number of youths took up self-employment and manufacturing activities under PMEGP which increased the production in the village industry sector.