No impact of demonization on Khadi sales,


Khadi & Village Industries Commission (KVIC), which sells Khadi and Village industries products through more than 7100 sales outlets across the country, in which 14 outlets belongs to KVIC, including its flagship outlet in Connaught place New Delhi, have registered an overall increase of 9.25% during December 2016 as compared to the previous year on an average in all the Department Sales outlets.

Speaking to this Correspondent, Chairman KVIC V.K.Saxena said that Central decision to demonetize Rs. 1000 & Rs. 500 currency notes have not impacted on Khadi sales . He said that though in the initial 2 and 3 days, there was a slight dip in the sale, however this was quickly overcome by encouraging more modes of digital payments and also introducing an incentive scheme for providing gift on purchases for more than Rs. 2000/- per bill through digital payments . KVIC also allowed 1% additional discount in its departmental sales outlets on payments through digital modes .

Khadi India outlet, New Delhi has registered an increase of 14% in the sales during the month of December 2016 as compared to the same period during the previous year. In December 2015 the sale was Rs.4.84 Crore and in Dec 2016 it reached Rs.5.52 Crore (upto 27th December). Similarly in November 2015,the sale was Rs.6.25 Crores and in November 2016 it registered Rs. 6.48 Crores, an increase of 4.50 %. In November 2015 the cashless sale was (Credit/ Debit Card payment) was below 50% which has increased to more than 90 %in the same period.

During the last one and half months ,KVIC has also initiated awareness camps and workshop for cashless transactions in its all zones for the benefit of Khadi institutions and artisans and also distributed of debit cards to Khadi artisans in many places.


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