The Government continuously promotes 'Swadeshi' as one of the principal objectives in so far as khadi, village industry and coir products are concerned through its programmes and measures implemented by the Khadi and Village Industries Commission (KVIC) and Coir Board.
The steps taken in this direction by the Ministry of Micro, Small and Medium Enterprises include the implementation of the following schemes through KVIC and Coir Board, in the country: (i) Schemes for development of Khadi and Polyvastra activities: For this purpose, Interest Subsidy Eligibility Certificate (ISEC) is issued in favour of implementing agencies for availing institutional finance to meet working capital requirement of khadi and polyvastra activities, at 4% rate of interest and the difference between 4% and actual lending rate is subsidized by KVIC.
10% Rebate is provided on retail sales of Khadi/Polyvasta products as normal rebate throughout the year and another 10% special rebate for 108 days in the year.
(ii) Scheme of Product Development, Design Intervention and Packaging (PRODIP) has been launched in order to diversify and develop products under Khadi & Village Industries and also to improve the packaging of the various KVI products.
(iii) Scheme of Fund for Regeneration of Traditional Industries (SFURTI) has been launched in October, 2005 for regeneration of traditional industries in 122 identified clusters in khadi, village industries and coir sectors.
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