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 Budget 2025: MSME Loan Reforms, Mudra Yojana Expansion to Boost Small Businesses (PM MODI) Msme News PhonePe and SIDBI Partner to Enable Digital-First Udyam Registration through Udyam Assist Platform Msme News Build Bharat Expo 2025: A Transformative Opportunity for MSMEs in India Msme News India’s MSMEs Get a Fresh Boost with NITI Aayog’s Competitiveness Roadmap Msme News PM Modi’s Brazil Visit Opens New Avenues for India–Latin America Trade: FIEO Msme News Gujarat Government Announces Relief Package for Flood-Hit MSMEs in Vadodara Msme News STPI Felicitates Trailblazing Startups at SANGAM 2025 Msme News 6.63 Crore Enterprises Registered on Udyam and Udyam Assist Platforms Msme News Bridging Communication Gap: Atul Kumar, CEO at PhysicsWallah Msme News Angel Tax Abolition, Boost For MSMEs, and More: How Modi Govt 3.0 is Striving for Ease of Doing Business
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