Khadi and Village Industries shuts shop; govt to revamp, make it more competent
'The government has dissolved the Khadi and Village Industries Commission(KVIC) with effect from July 24,' the<br /> Ministry of Micro, Small & Medium Enterprises said in a statement.
New Delhi: The government hasdissolved the Khadi and Village Industries Commission (KVIC),a move aimed at revamping the institution to make it moreeffective and efficient and help create job opportunity.
"The government has dissolved the Khadi and VillageIndustries Commission(KVIC) with effect from July 24," the
Ministry of Micro, Small & Medium Enterprises said in astatement.
As per the provisions of the Khadi and Village IndustriesCommission Act, all members, including the chairman, will have
to vacate their office as members/Chairman of the Commissionwith immediate effect, it said.
"This has been done to revamp the said institution to makeit more professionally competent, effective and efficient bodyfor the development and promotion of Khadi and VillageIndustries and for generation of more employment opportunitiesin the rural non-farm sector," it added.
All the properties and funds, which immediately before thedissolution were in the possession of the Khadi and VillageIndustries Commission, shall now vest with the Centre.
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