The Khadi and Village Industries Commission (KVIC) is a statutory body that plan, promote, facilitate, organize and assist in the development of Khadi and Village Industries in the rural areas nationwide. The commission is considered to be one of the leading organizations under the Ministry of Micro, Small and Medium Enterprises.
The interest subsidy scheme shall be applicable to various loans offered by financial agencies. Loans raised by KVIC for disbursement as capital investment and working capital loans to:
- 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