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 Telangana Govt Earmarks ₹600 Crore to Boost MSME Sector Msme News Political Parties Look at MSME Sector as Vote Bank Msme News Filter Capital Invests USD 10 Million in M1xchange to Strengthen MSME Financing Ecosystem Msme News Indian Bank Reports ₹700 Crore Profit from Priority Sector Lending Certificates Msme News India-UK Trade Agreement to Transform MSME Growth and Global Access Msme News 7 Essential Tips to Avoid MSME-Related Financial Thefts Msme News Government Strengthens MSME Support Through PMEGP and PMMY Msme News Jammu Industrialists Seek Chief Minister’s Intervention for MSME Revival IPO News Hero Motors Withdraws Rs 900 Crore IPO Plans Msme News New Safety Regulations for Machinery, Electrical Equipment Pose Emerging Challenges for MSMEs: Infomerics Ratings
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