: MSME Ministry sanctioned Rs 1484.93 lakhs to 22 Khadi Institutions in Bihar under KRDP scheme #FinanceIndia #StockMarketNEWS MSME Ministry sanctioned Rs 1484.93 lakhs to 22 Khadi Institutions in Bihar

@StockMarketNEWS Sat 21 Mar, 2020

Posted in: #FinanceIndia #StockMarketNEWS

MSME Ministry sanctioned Rs 1484.93 lakhs to 22 Khadi Institutions in Bihar under KRDP scheme #FinanceIndia #StockMarketNEWS
MSME Ministry sanctioned Rs 1484.93 lakhs to 22 Khadi Institutions in Bihar under KRDP scheme New Delhi, Mar 20 (KNN) Union Minister of Micro, Small and Medium Enterprises (MSMEs) Nitin Gadkari has said that under Khadi Reform and Development Programme (KRDP) a scheme for revival and for increasing the production of Khadi, as many as 22 Khadi Institutions were given assistance in Bihar.

A total of 22 Khadi Institutions were given assistance under KRDP with a financial outlay of Rs.1484.93 lakhs for refurbishment of Khadi programme in the State of Bihar, the Minister said in the Rajya Sabha.

The Minister also said that it has been decided to set up Centre of Excellence for Khadi (CoEK) in association with National Institute of Fashion Technology (NIFT), with Hub at New Delhi.

The main objective of CoEK will be to provide design input to Khadi sector to attract niche market in domestic and international. To ensure genuineness of Khadi, "Khadi Mark" regulation has been notified by Government of India. Gadkari added.

As of now, 2326 number of Khadi Institutions are working under Khadi Programme, out of which 85 KIs are working in Bihar State, the Minister said.

The Ministry of Micro, Small and Medium Enterprises (MSME), through Khadi and Village Industries Commission (KVIC), has been implementing Khadi Reform and Development Programme (KRDP) scheme for revival and increase the production of Khadi, not only in Bihar, but throughout the country.

In order to revitalize and reform the activities of Khadi and Village Industries (KVI) Sector, in terms of employment generation, enhancement in earning of artisans and ensure positioning of Khadi in consonance with the current market trend, a comprehensive reform programme namely Khadi Reform and Development Programme (KRDP), approved by Government of India is being implemented with the assistance from Asian Development Bank (ADB).

Ministry of MSME provides financial assistance in the form of grant and subsidy to KVIC for promotion and development of Khadi Programme.