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Performance of Handicrafts Development Corporation


Observations on the Performance of Kerala State Handicrafts Development Corporation:

  • The total employment under the corporation showed a gradual decline from 104 employees in 2014–15 to 67 in 2023–24, indicating downsizing or reduced operational scale.

  • Government assistance fluctuated significantly, with major infusions such as ₹600 lakh in 2017–18 and ₹700 lakh in 2020–21, suggesting periodic financial support to sustain operations.

  • Turnover showed moderate improvement in the later years, rising from ₹285 lakh in 2020–21 to ₹856 lakh in 2023–24.

  • The corporation consistently reported losses throughout the period, with the highest loss of ₹977.71 lakh in 2020–21, pointing to ongoing financial stress.

  • Participation in trade fairs was active until 2019–20, contributing to marketing and exposure, but there is no data on such participation from 2020–21 onward, likely due to reduced activity or external factors like the pandemic.