Mumbai: October 27, 1997 saw the coming together of the traditional and the modern when the On-Line Accounting System (OLAS) developed by NIC for the Khadi and Village Industries Commission (KVIC) was inaugurated by Mr Surendra Mohan, the Chairman of the Commission, at Mumbai. The inaugural function, at KVIC Headquarters, was presided over by the Chief Executive Officer of KVIC, Mr RK Bhragava. What, however, lent the icing on the cake was the fact that NIC had completed the development of the software package five weeks ahead of schedule! The inauguration of the software package marks but the first milestone in NIC's endeavour to computerize KVIC activities which primarily fall in the domain of financial business. NIC has identified 20 such activities to be computerized in the first phase of the computerization effort. Accounting was the first activity to be taken up. KVIC, under the Ministry of Industry, promotes Khadi and Village industries by providing financial assistance to individuals and organizations engaged in these industries. Its operations are spread all over the Country. Computerization is thus imperative for KVIC.
A demonstration of OLAS for the Chairman and other KVIC personnel, in progress.