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 Akme Fintrade Partners With MAS Financial for Streamlined MSME Financing Msme News MSME Secretary Advocates for Amendments to MSMED Act to Strengthen Dispute Resolution Msme News Government Strengthens Export Credit Support for MSMEs Under Interest Equalisation Scheme Msme News Indian Bank Reports ₹700 Crore Profit from Priority Sector Lending Certificates Msme News “Indian Small Businesses are Tech Savvies…” Vijay Shekhar Sharma, CEO at Paytm Msme News Coimbatore MSMEs Appeal to Government Against Proposed Steel Import Duty Hike Msme News Towards a Trillion-Dollar Milestone: Progressive Lending for India’s MSMEs Msme News Rahul Gandhi Criticizes Government Over Video of Restaurant Chain Owner ‘Apologising’ to Finance Minister Msme News Power Ministry Launches ₹1,000‑Cr ADEETIE Scheme to Boost Energy Efficiency in MSMEs Msme News SBI Plans to Increase Threshold Limit Under Instant Loan Scheme for MSME Sector
Be the first to comment