Khadi and Industries Commission was recently in news for KIMIS its e marketing system Which of the f...........

Economic Affairs Small Scale Industries

Khadi and Industries Commission was recently in news for KIMIS, its e-marketing system. Which of the following statements about KVIC is/are correct?

1. KVIC is a statutory body formed under the Khadi and Village Industries Commission Act, 1956.

2. It is an apex organisation under the aegis of Department of Industrial Production and Promotion.

Choose the correct alternative:

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

First option is correct.

KVIC is a statutory body formed under the Khadi and Village Industries Commission Act, 1956. It is an apex organization under the aegis of Union Ministry of Micro, Small and Medium Enterprises (MSMEs). It plans, promotes, organizes and implements programmes for development of Khadi and village industries in rural areas.