The Role of the Khadi and Village Industries Commission (KVIC) in Bolstering Entrepreneurship within the Rural Economy

Abstract

Abstract: This research investigates the significant role of India's Khadi and Village Industries Commission (KVIC) in stimulating entrepreneurship within the rural economy. Established by the Ministry of Micro, Small, and Medium Enterprises (MSMEs), KVIC acts as a key player in promoting and developing both khadi (hand-spun and hand-woven cloth) and village industries in rural regions. Through a thorough analysis of KVIC's initiatives and their resulting impact, this study aims to clarify the commission's contribution to creating jobs. To achieve this, the research utilizes secondary data from the annual reports of MSMEs between 2018-19 and 2022-23. By employing correlation and regression analyses, the research examines the influence of Khadi and village industries on generating employment opportunities.