Khadi and Village Industries Commission (KVIC) plans, promotes, organizes and implements programs for the development of Khadi and other village industries in rural areas nationwide. KVIC also helps in building up reserve of raw materials for supply to producers. The commission focuses in creation of common service facilities for processing of raw materials, such as semi-finished goods. KVIC has also helped in creation of employment in Khadi industry.
The interest subsidy scheme offered by KVIC shall be applicable to specific loans offered by financial agencies. Loans raised by KVIC for disbursement as capital investment and working capital loans are offered by:
- Institutions: Registered under Societies Registration Act 1860
- Co-operative Society: Registered under Co-operative Societies Act 1912
- Charitable Trusts for public welfare and religious purposes
- Financial Institutions: Scheduled and Non-scheduled banks, Nationalised Banks, Co-operative Banks, State Financial Corporations and Industrial Development Banks