MSMEs will get collateral free term loans scheme of upto Rs 100 crore through..., says FM Sitharaman
Saturday, 9 November 2024 Speaking at the National MSME Cluster Outreach Programme in Bengaluru, Sitharaman explained that a new credit guarantee scheme, which will support term loans for MSMEs, is expected to go before the Cabinet "sooner."
In a monumental achievement for India's grassroots economy, the Khadi and Village Industries Commission (KVIC) has crossed an all-time high turnover of ₹1.7 lakh crore for the financial year 2024-25. This historic milestone reflects a 447% growth in sales and a 347% increase in production over the past 11 years, highlighting KVIC’s impact on the nation's development. Chairman Shri Manoj Kumar attributes this success to the leadership of Prime Minister Narendra Modi and the guidance of the Ministry of MSME. KVIC has also generated jobs for over 1.94 crore people, many in rural areas, empowering India's Atmanirbhar Bharat mission. The remarkable growth in Khadi clothing sales, which surged by 561%, and the record business at Khadi Gramodyog Bhawan, underline the significance of this achievement in India's economic transformation.
Watch the full video for insights on KVIC’s historic journey and its contribution to making India self-reliant.
#KVIC #AtmanirbharBharat #PMModi #Khadi #MakeInIndia #ViksitBharat #IndianEconomy #RuralDevelopment #KhadiGramodyogBhawan #EconomicGrowth #India #SelfReliance #PMEGP #MSME #IndianDevelopment #KVICRecord #KhadiSales #EmploymentGeneration
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![KVIC Achieves Historic Turnover | Record Growth in Sales and Job Creation Under PM Modi's Leadership [Video]](https://video.newsserve.net/300/v/20250422/1408765974-KVIC-Achieves-Historic-Turnover-Record-Growth-in.jpg)
