News: Union Minister for MSME has approved a program proposed by Khadi and Village Industries Commission(KVIC) named “Khadi Agarbatti Atma Nirbhar Mission”.
Facts:
- Khadi Agarbatti Atma Nirbhar Mission: It aims at creating employment for unemployed and migrant workers in different parts of the country while increasing domestic Agarbatti production substantially.
- Mode: The scheme has been designed based on the Public Private Partnership (PPP) mode.
- Features: Under this, KVIC will provide Automatic Agarbatti making machines and powder mixing machines to the artisans through the private Agarbatti manufacturers who will sign the agreement as business partners.
- Further, KVIC will provide a 25% subsidy on the cost of the machines and will recover the remaining 75% of the cost from the artisans in installments every month.
- The business partner will provide the raw material to the artisans for making Agarbatti and will pay them wages on a job work basis.
Additional Facts:
- KVIC: It is a statutory body established under the Khadi and Village Industries Commission Act,1956.It functions under the Ministry of Micro, Small and Medium Enterprises.
