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 Our Small Businesses Are Growing, But They Still Need a Helping Hand: President Droupadi Murmu on World MSME Day Msme News Indian Bank Reports ₹700 Crore Profit from Priority Sector Lending Certificates Msme News IPR Scheme Under MSME Innovation Initiative Msme News NAFCUB Urges UCBs to Boost MSME Lending, Focus on Economic Growth Msme News India’s Defence Exports Boost MSME Growth with U.S., France, and Armenia as Top Buyers IPO News NTPC Green Energy IPO: Special Benefits for NTPC Shareholders and Employees Msme News Haryana Government Brings MSME Services Under Right to Service Act for Timely Delivery Msme News CM Hemant Soren Places Key Development Demands at Eastern Zonal Council Meeting Msme News MSME Pre-Pack Process Sees Limited Effectiveness, Says IBBI Report; Suggests Steps to Boost Adoption Msme News India Needs to Bring 80% of MSMEs Under Formal Financial System: M Nagaraju
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