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 IPO News Solarium Green Energy Files for IPO with BSE SME Msme News India’s Dependence on Chinese Imports for MSME Goods Declining Msme News “Indian Small Businesses are Tech Savvies…” Vijay Shekhar Sharma, CEO at Paytm Msme News Loans to MSMEs Show Uptick in Current Fiscal, Indicating Positive Trends Msme News Why Falling Prices Made India’s Growth Look Faster Msme News Finova Capital Secures $135M in Series E Funding to Fuel MSME Lending Growth Msme News Cybersecurity During the Festive Season: A Business Essential for MSMEs Msme News AI for MSMEs: Bridging the Gap Between Technology and Business Goals Msme News MSME Pre-Pack Process Sees Limited Effectiveness, Says IBBI Report; Suggests Steps to Boost Adoption IPO News Western Carriers IPO Allotment Expected on Sep 20: How to Check Status Online, Latest GMP, and Key Details
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