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 RBI Just Made It Easier to Get a ₹20 Lakh Loan Without Pledging Anything. Here’s What MSME Owners Need to Know. MSME Digital India’s MSME Moment: How ‘Udyami Bharat’ Is Reshaping the Country’s Small Business Backbone Msme News MSME NPA Levels Expected to Rise in Next Six Months: FICCI-IBA Bankers’ Survey IPO News Boss Packaging Solutions IPO Faces Investor Backlash; Mukul Agrawal Comments on ‘Resourceful Yamaha Company Msme News The Digital Pathway to Growth for MSMEs: Unlocking Their Potential in India’s Economy Msme News Tamil Nadu Budget 2025: ₹1,918 Crore Allocated to Boost MSME Growth Msme News MSME Ministry, DPIIT Join Hands to Expand Market Reach of India’s GI Products Msme News Trump’s Tariffs Threaten India’s $4.1 Billion Leather Export Industry Msme News How to Succeed in Business – Insights from Corporate Gifting Expert Shubhanshu Agarwal Msme News Bridging Communication Gap: Atul Kumar, CEO at PhysicsWallah
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