Why is it in the news?
→ Announced in the Union Budget 2026–27 to strengthen khadi, handloom and handicrafts.
→ Introduced to improve market access and livelihoods of rural artisans.
Category
Economy
Important Points
- Launched in Union Budget 2026–27.
- Targets khadi, handloom and handicrafts sectors.
- Seeks to improve global market access, branding and linkages.
- Aims to make traditional rural industries competitive with sustainable livelihoods.
- Beneficiaries include weavers, village industries, ODOP beneficiaries and rural youth.
- Addresses fragmented supply chains and inconsistent quality standards.
- Encourages adoption of modern production methods while preserving craftsmanship.
- Enhances access to organised retail, exports and online platforms.
- Aligns with “Vocal for Local” philosophy.
- Supports MSMEs and Atmanirbhar Bharat vision.
- Intended to generate sustainable employment and reduce rural distress.