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 Inauguration of India’s First Private Military Aircraft Facility: A Boon for MSMEs Msme News Uttar Pradesh Launches MICE Incentive Scheme to Promote MSMEs Globally Msme News PM Modi’s Brazil Visit Opens New Avenues for India–Latin America Trade: FIEO Msme News India’s Manufacturing Growth Slows Slightly Amid Rising Costs Msme News The Government Just Approved Another Lifeline for MSMEs — Here’s Everything You Need to Know About ECLGS 5.0 Msme News Chandigarh Set to Boost MSME Sector with 12-Point Development Programme Msme News Ministry of MSME Issues SOP for Logo Usage by Industry Associations and NGOs Msme News Political Parties Look at MSME Sector as Vote Bank IPO News Arkade Developers IPO Allotment: Key Details on Application Status, GMP, and Listing Date Msme News EEPC India’s Platinum Jubilee: President Murmu Highlights MSMEs’ Role in Building Innovation Economy
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