All Thanks To PM Mantra, Says Minister

Khadi for Nation, Khadi for Fashion and Khadi for Transformation – Modi

NEW DELHI, Feb 12 (The CONNECT) – Khadi is fast emerging as a new and lucrative Startup avenue.

And the full credit goes to Prime Minister Narendra Modi for having popularised Khadi across the world with the mantra of ‘Khadi for Nation, Khadi for Fashion and Khadi for Transformation”, said Union Minister Dr Jitendra Singh.

The Minister was addressing a North Zone level program organised by Khadi and Village Industries Commission (KVIC) here yesterday, wherein subsidy margin amount of more than Rs.100 Crore was distributed online to beneficiaries and entrepreneurs spread across the North Indian States and UTs of J&K, Ladakh, Punjab, Himachal Pradesh, Haryana and Rajasthan.

Dr Singh said the worth of Khadi for entrepreneurship and industry is being realised more and more. He recalled that Prime Minister through his radio broadcast “Mann Ki Baat” had appealed on several occasions to buy khadi, as a result of which now there has been a record sale of Khadi products and also manifold increase in export of Khadi.

It is notable that the Prime Minister’s Employment Generation Program (PMEGP) is playing a vital role in providing employment to the unemployed youth of rural and urban areas. Under this scheme, any entrepreneur can set up a unit up to Rs50 lakh in the manufacturing sector and up to Rs 20 lakh in the service sector. For the establishment of these units, 15% to 25% of the entire project cost is provided to the beneficiaries in urban areas and 25% to 35% in rural areas as grant by the Centre. Along with this, free entrepreneurship development training is also provided to the beneficiaries after loan approval.

Distribution of money subsidy of Rs 100.55 crore to 3,490 beneficiaries of Northern Region (Jammu & Kashmir (UT), Ladakh (UT), Haryana, Punjab, Himachal Pradesh, Rajasthan and Delhi) against the sanctioned loan of about Rs 165.83 crore, in which margin money grant amount of Rs 47.47 crore was Disbursed to 2369 beneficiaries of Jammu & Kashmir.

KVIC Chairman Manoj Kumar said that the Prime Minister’s Employment Generation Program is playing a crucial role in realising the dream of a self-reliant India. KVIC through its various programmes are generating employment opportunities for artisans at their door steps in remote areas at very low cost.

KVIC is providing all support they need to improve their ability, productivity, and access to new markets.

He mentioned that the recent decision to increase the wages from Rs.7.50 to Rs.10 per hank will lead to increase of the monthly income of artisans by around 33% and 10 % increase in the wages of weavers.