Government of India Approves KVIC Act Amendment to Boost Rural Economy
The Government of India has approved amendments to the Khadi and Village Industries Commission (KVIC) Act, 1956 to modernize the KVI sector. These changes aim to align the Act with current rural development policies, support inclusivity, and enhance the competitiveness of village industries in domestic and global markets. The amendments will also enable eligible enterprises to access benefits under the MSME sector, emphasizing branding, exports, and technological innovation. Furthermore, institutional reforms to include more diverse representation in governance will be introduced.
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