CURRENT AFFAIRS

Detailed explanation-1: -Sunil Sethi appointed advisor of Khadi and Village Industries Commission (KVIC) New Delhi: The Khadi and Village Industries Commission (KVIC) has appointed fashion icon Sunil Sethi as its advisor.

Detailed explanation-2: -Shri Vinit Kumar (IRSEE) takes over the charge of CEO, KVIC Central Office, KVIC Mumbai on 21.11. 2022. He is appointed as CEO, Khadi & Village Industries Commission (KVlC), Mumbai under the Ministry of Micro, Small and Medium Enterprises.

Detailed explanation-3: -The newly-appointed Chairman of Khadi and Village Industries Commission (KVIC), Shri Manoj Kumar assumed the charge on Friday, 15th July 2022.

Detailed explanation-4: -Market Promotion Development Assistance (MPDA) Under MPDA scheme, 25% of assistance is provided among the artisans, spinners, and weavers as an additional incentive through their bank or post office account.

Detailed explanation-5: -KVIC is also the nodal agency for the implementation of the Prime Minister Employment Generation Programme (PMEGP). It is a credit-linked subsidy scheme which aims at generating employment by setting up micro-enterprise in the non-farm sector both in rural and urban areas. It is a central sector scheme.