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Thursday 17 August 2017
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Ministry releases 182.02 crore for settlement of old Khadi claims

Union Minister of Micro, Small & Medium Enterprises, Ex- Chief Minister Himachal Pradesh Virbhadra Singh said that his Ministry has approved release of Rs 182.02 crore through Khadi and Village Industries Commission towards settlement of old rebate claims of khadi institutions and also providing a one-time incentive on their stock that could not be sold till 31 March 2010. He also added that with the infusion of financial assistance of Rs 182 crore, the khadi institutions will be able to benefit through liquidation of rebate arrears and are expected to achieve a smooth transition to the MDA scheme thereby improving the efficiency, productivity, marketability, production and sale of khadi products by undertaking market based production, besides increasing the earnings of spinners and weavers.



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