October 19, 2021

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MSME Ministry, Retail News, ET Retail

NEW DELHI: Khadi income contracted by 16 for each cent yr-on-yr to Rs 3,527.seventy one crore in 2020-21, as spinning and weaving actions across the country impacted owing to the COVID-19 pandemic, the MSME ministry claimed on Thursday.

The overall production in the Khadi sector also declined to Rs one,904.forty nine crore in 2020-21, as as opposed to Rs two,292.forty four crore in 2019-twenty, it additional.

The production and income in the Khadi sector, nonetheless, a bit declined as spinning and weaving actions across the country took a key hit throughout the pandemic, the ministry claimed.

“The overall production in the Khadi sector in 2020-21 was recorded at Rs one,904.forty nine crore as as opposed to Rs two,292.forty four crore in 2019-twenty, although the overall Khadi income stood at Rs 3,527.seventy one crore as as opposed to Rs four,211.26 crore in the preceding yr,” it additional.

Having said that, the ministry claimed, Khadi and Village Industries Commission (KVIC) has recorded a gross annual turnover of Rs ninety five,741.seventy four crore in 2020-21 as towards Rs 88,887 crore in 2019-twenty.

The production actions remained suspended for much more than a few months throughout the nationwide lockdown declared on March twenty five past yr.

“In the course of this period of time, all Khadi production units and income retailers much too remained closed, which severely affected the production and income,” the ministry claimed.

When compared to the production worth Rs sixty five,393.40 crore in 2019-twenty, the output in the village industry sector elevated to Rs 70,329.67 crore in 2020-21. In the same way, in 2020-21, the income of village industry solutions stood at Rs ninety two,214.03 crore as as opposed to Rs eighty four,675.29 crore in 2019-twenty.