Explanation:

The Khadi and Village Industries Commission (KVIC) is a statutory body established by an Act of Parliament (Khadi and Village Industries Commission Act of 1956). In April 1957, it took over the work of former All India Khadi and Village Industries Board.
Functions: It is an apex organization under the Ministry of Micro, Small and Medium Enterprises, with regard to khadi and village industries within India, which seeks to – “plan, promote, facilitate, organise and assist in the establishment and development of khadi and village industries in the rural areas in coordination with other agencies engaged in rural development wherever necessary.”
The Commission has three main objectives which guide its functioning. These are:

• The Social Objective – Providing employment in rural areas.
• The Economic Objective – Providing salable articles.
• The Wider Objective – Creating self-reliance amongst people and building up a strong rural community spirit.
• Establishing a major khadi industry in every village is not a listed objective and may not be economically feasible as well.

Hence all statements are correct.