NEW DELHI, Jul 10: Under the leadership of Prime Minister Narendra Modi, the Khadi and Village Industries Commission (KVIC) has set a new record in production, sales, and new employment generation in the financial year 2023-24.
KVIC Chairman Manoj Kumar on Tuesday released the provisional figures for the financial year 2023-24. Surpassing all previous figures, there has been an increase of 399.69 per cent (approximately 400%) in sales, 314.79 per cent (about 315%) in production, and 80.96 per cent (around 81%) in new employment generation compared to the financial year 2013-14. In the financial year 2022-23, there was an increase of 332.14% in sales, 267.52% in production, and 69.75% in new employment generation as compared to 2013-14.
This remarkable performance of KVIC has made a significant contribution towards realizing the vision of a 'Developed India' by 2047 and making India the third-largest economy in the world.
For the first time in the history of independent India, the sales of KVIC products have crossed Rs 1.55 lakh crore in the financial year 2023-24. The sales figure in the financial year 2022-23 was Rs 1.34 lakh crore. In the last 10 financial years of the Modi Govt, the sales of indigenous Khadi and village industry products made by artisans in rural areas, which were Rs 31154.20 crore in the financial year 2013-14, have increased to the highest level of Rs 155673.12 crore in the financial year 2023-24, which is the greatest achievement so far. In the financial year 2023-24, KVIC's efforts have created 10.17 lakh new jobs in rural areas, strengthening rural India's economy.
The KVIC Chairman has attributed this historic achievement to the inspiration of revered Bapu, the guarantee of Prime Minister Narendra Modi, and the tireless efforts of crores of artisans working in remote villages of the country. He said that Prime Minister Modi's 'Brand Shakti' has increased people's confidence in Khadi products.
Khadi has become a 'new status symbol' of fashion for the youth. The demand for Khadi and village industry products is increasing rapidly in the market, which is reflected in the production, sales, and employment figures, he said.
He further said that in the last ten years, major changes and decisions have been taken under the guidance of PM Modi to increase the production of Khadi and village industries, which are yielding positive results. He further said that these figures are proof that the trust of the people of the country has increased in 'Make in India,' 'Vocal for Local,' and 'Swadeshi products.'
The production of Khadi and village industry products, which was Rs 26,109.08 crore in the financial year 2013-14, reached Rs 108,297.68 crore in 2023-24, a jump of 314.79 per cent, while the production in the FY 2022-23 was Rs 95956.67 crore.
In the last 10 financial years, Khadi and village industry products have set new sales records every year. While sales were Rs 31,154.20 crore in the financial year 2013-14, they reached Rs 1,55,673.12 crore in the financial year 2023-24, with an unprecedented increase of 399.69 per cent, the highest sales ever.
There has also been an unprecedented increase in the production of Khadi fabrics in the last 10 years. While the production of Khadi fabrics was Rs 811.08 crore in the FY 2013-14, it reached Rs 3,206 crore in 2023-24 with a jump of 295.28 per cent, which is the best performance so far. The production of Khadi fabrics in the financial year 2022-23 was Rs 2915.83 crore.