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 How GST 2.0 Could Revolutionize the Indian MSME Landscape Msme News MSMEs in North Bengal to Flourish with Government’s ₹15 Crore Plan Msme News Uttar Pradesh Launches MICE Incentive Scheme to Promote MSMEs Globally Msme News MSME Ministry invites applications for National Awards 2024 to honor entrepreneurial excellence. Msme News Govt. of India Revises MSME Classification Criteria Effective April 1, 2025 Msme News MSME Ministry’s Infrastructure Push in Northeast and Sikkim Msme News SBI Plans to Increase Threshold Limit Under Instant Loan Scheme for MSME Sector Msme News Nirman Agri Genetics Sets Board Meeting to Consider Bonus Shares, Dividend, and Expansion Plan Msme News “PM Modi : Start-ups and MSMEs Drive India’s Semiconductor Future” Msme News India-Israel Investment Pact: Quietly Keeping IMEC Alive Amid Uncertainty
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