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 Cybercrime Helpline Saves ₹6,000 Crore, Yet Experts Urge MSMEs to Strengthen Digital Safety Msme News Digital Sampark Hosts Hospitality Summit 2025 with Support from MSME Sampark Msme News “10-15% se sidha 50% profitable hua” says Mukul Rustagi, CEO and Co-founder at Classplus Msme News Telangana Unveils New MSME Policy, Allocates ₹4,000 Crore for Development Msme News MSME Meet for Jalpaiguri and Alipurduar to Boost Investments in Dooars Msme News Angel Tax Abolition, Boost For MSMEs, and More: How Modi Govt 3.0 is Striving for Ease of Doing Business Msme News MSMEs Encouraged to Apply for ZED Certification: A Guide to the Process Msme News 7 Essential Tips to Avoid MSME-Related Financial Thefts Msme News Fabindia Partners with Ministry of MSME to Empower India’s Traditional Artisans Under PM Vishwakarma Scheme Msme News CBIC Extends Export Benefits to Courier Shipments to Boost E-Commerce
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