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Daily Current Affairs - August 04, 2020
Union Minister for Micro, Small & Medium Enterprises(MSME) Nitin Gadkari has approved the Khadi Agarbatti Aatmanirbhar Mission with a view to raise production of Agarbattis.
Key Points
- The scheme was proposed by the Khadi and Village Industries Commission(KVIC) with an aim to generate employment and make India self-reliant in agarbatti production.
- The scheme will be launched very soon through public-private partnership which will involve small investment.
- This will create thousands of jobs once fully implemented.
- The scheme will aid the private agarbatti manufacturers to scale up production without much capital investment.
- Khadi and Village Industries Commission(KVIC) will provide automatic incense sticks production and powder mixing machine to artisans by the private agarbatti producers under the scheme.
- The machines will be provided by KVIC at a subsidy of 25% and the remaining amount will be recovered in easy installments.
- The raw materisals will be provided by the business partners and the training costs of the artisan’s will be shared by KVIC and the business partners in 75:25 ratio.
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