MSME Ministry Announces Discounts on Khadi & Village Industries Products October 5, 2024 MSME Sampark Msme News 0 The Ministry of Micro, Small, and Medium Enterprises (MSME) has introduced a 25% wage hike for spinners and a 7% increase for loom weavers, effective from October 2. This move was originally announced on September 17. Manoj Kumar, Chairman of the Khadi and Village Industries Commission (KVIC), noted that spinners, who were previously earning ₹10 per hank, will now receive ₹12.50, reflecting an effort to improve economic conditions for rural workers. Kumar highlighted that under Prime Minister Narendra Modi’s leadership over the past decade, wages have risen by 213%, marking significant progress toward rural economic empowerment through the Khadi sector. To further boost this sector, a nationwide discount campaign is underway, offering a 20% discount on Khadi products and a 10% discount on Village Industries products. The discount period began today and will run until November 30. Kumar credited the transformation of spinners’ and weavers’ lives to Prime Minister Modi’s vision, noting that the “Khadi Revolution” has significantly boosted rural employment. He also reported that the Khadi sector surpassed ₹1.55 lakh crore in business last fiscal year, reinforcing its critical role in India’s rural economy. Disclaimer: The information provided is for general informational purposes only. We do not guarantee the accuracy or reliability of the details mentioned. For specific advice or financial guidance, please consult the appropriate professionals. Popular Articles Msme News Minister Shobha Karandlaje Underscores MSME Sector’s Role in Nation-Building at SC-ST Hub Awareness Programme in Koraput Msme News India Responds Strongly to U.S. President’s Tariff Threat : Focus on MSME & Farmer Protection Msme News MSME Ministry Empowers Small Enterprises with Digital and E-Commerce Support under RAMP Msme News Fabindia Partners with Ministry of MSME to Empower India’s Traditional Artisans Under PM Vishwakarma Scheme Msme News Telangana Govt Earmarks ₹600 Crore to Boost MSME Sector Msme News “Indian Small Businesses are Tech Savvies…” Vijay Shekhar Sharma, CEO at Paytm Msme News New Initiative Launched to Help Indian MSMEs Start Exporting in Just 8 Weeks Msme News Dr Vivek Bindra Flags MSME Learning Gap as Key Growth Hurdle; Pan-India Entrepreneurs Echo Concern Msme News QCOs Are Helping MSMEs Make Better Products and Win Consumer Trust: Piyush Goyal Msme News Coal Ministry’s 13th Auction Round Opens New Doors for MSMEs in Mining and Allied Sectors
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