STRENGTHENING THE POTENTIAL OF INDIA SCHEME

Recently, the Khadi and Village Industries Commission (KVIC) launched the SPIN (Strengthening the Potential of India) scheme to make potters self-sustainable.

KVIC

A statutory body established under the Khadi and Village Industries Commission Act, 1956. It functions under the Ministry of Micro, Small and Medium Enterprises. In 2017-18, it launched the Honey Mission programme. Recently, it launched a project named Bamboo Oasis on Lands in Drought (BOLD) from the village NichlaMandwa in Udaipur, Rajasthan.

Important points

  • Under SPIN, KVIC will facilitate potters to get easy loans from banks that will help the potters to diversify their activities and enhance their income.
  • It is aimed at sustainable development by creating local self-employment which is aligned with the Prime Minister’s commitment of “Job to Every Hand” (Har Hath Me Kaam).
  • It is a no-subsidy program.
  • KVIC facilitates potters to get bank loans under Pradhan Mantri Shishu Mudra Yojana
  • No financial burden on the exchequer.
  • Beneficiaries can repay the loans in easy installments.
  • It will reduce their dependence on government subsidy and thus make potters self-reliant.

SOURCE: THE HINDU,THE ECONOMIC TIMES,MINT

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