About more than two decades ago, the practice of Knowledge Management (KM) was started. Also their importance was understood by the many growing and developed organizations. Now it becomes as an importantly integral and inherent component of any business units. Knowledge management (KM) is actually the process of creating, sharing, using and managing the knowledge and information of any organisation. Actually to achieving organisational objectives, it refers to a multidisciplinary approach. This is by making the best use of knowledge. KM efforts focus on organisational many of the objectives. Some of these are like improved performance, competitive advantage, innovation, the sharing of lessons learned, integration and continuous improvement of the organisation. “Rural industries” refers to the small-scale activities that took place in communities where the dominant economic pursuits revolved around agriculture or natural product extraction. Such industry supported these activities and processed their output. Cloud computing is defined as “the practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server/personal computer.” Because of Information and Computer Technologies (ICT), it is possible to put many innovative fruitful ideas into KM practices. In reality this expresses the new trends in KM. This also justifies that, various newly developed technologies have impacted on, how the knowledge is managed? One of advanced, most predominant technology is Cloud Computing, ofcourse within the ICT. The way IT services are provisioned, it has significantly impacted. The rural industries can now get the advantage of such hosted services for major IT activities. This is nothing but KM through the means of Cloud Computing. Before the advent of Cloud Computing, earlier it was beyond their budget.