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 Startup Mahakumbh 2025 is ready to host 3000+ startups in New Delhi Msme News Trump’s Tariffs Threaten India’s $4.1 Billion Leather Export Industry Msme News The Purchase and Price Preference Policy for MSMEs Msme News SPICE makes credit simpler and faster,” said Ishita Thaman, IES Msme News CM Hemant Soren Places Key Development Demands at Eastern Zonal Council Meeting Msme News Finova Capital Secures $135M in Series E Funding to Fuel MSME Lending Growth Msme News MSME Council Proposes Plan to Revive Struggling Small Industrial Units in Odisha Msme News MSME Ministry Announces Discounts on Khadi & Village Industries Products Msme News Debroy’s Demise: A Monumental Loss for Indian MSMEs, Says FISME Msme News Filter Capital Invests USD 10 Million in M1xchange to Strengthen MSME Financing Ecosystem
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