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 Rahul Gandhi Criticizes Government Over Video of Restaurant Chain Owner ‘Apologising’ to Finance Minister Msme News New Safety Regulations for Machinery, Electrical Equipment Pose Emerging Challenges for MSMEs: Infomerics Ratings Msme News Faster Access to Capital for MSMEs: A Game-Changer for Growth Msme News PM KUSUM Scheme Msme News MSMEs Secure ₹999 Crore from NSIC Venture Capital Fund by July 2024 Msme News Udyam Sakhi Portal Empowers Women Entrepreneurs to Build Self-Reliant Businesses Msme News MSME Ministry Accelerates Green MSME Transformation Through MSE GIFT Scheme Under RAMP Msme News MSMEs are the Second-Largest Job Creators After Agriculture: Yogi at the Inaugural Ceremony of UP International Trade Show-2024 Msme News Assistance for Digitization of Business Processes and Adoption of eCommerce Msme News India Gets Temporary Relief as US Postpones Tariffs
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