CURRENT AFFAIRS

Detailed explanation-1: -The Khadii and Village Industries Commission (KVIC) is a statutory body formed in April 1957 by the Government of India, under the Act of Parliament, ‘Khadi and Village Industries Commission Act of 1956’.

Detailed explanation-2: -Khadi and Village Industries Commission (KVIC) is a statutory body of the Indian Constitution. It comes under the Ministry of Micro, Small and Medium Enterprises. It was established by Khadi and Village Industries Act, 1956. It has been amended twice, in 1965 and 2006.

Detailed explanation-3: -The Khadi and Village Industries Commission (KVIC) is a statutory body established by an Act of Parliament (No. 61 of 1956, as amended by act no. 12 of 1987 and Act No. 10 of 2006.

Detailed explanation-4: -KVIC (Khadi Village Industries Commission) was set up during the second five year plan in 1956. It was formed under the KVIC Act of 1956, this is a statutory body formed by the Government of India. It seeks to promote, plan, protect and develop khadi and Village Industries.

Detailed explanation-5: -Accordingly, the Khadi and Village Industries Commission (KVIC) was created by an Act of Parliament to plan, promote and organise the systematic development and expansion. It came into existence in April 1957. The KVIC took over the work of the erstwhile All India Khadi and Village Industries Board.