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 CII MSME FinFest 2024: Empowering MSMEs in Odisha with Better Access to Credit Msme News RBI Regional Director Urges Public Sector Banks to Boost MSME Lending Msme News MSMEs Contribution to Economy Set to Rise to 40% by 2027: U Grow Report IPO News Kalana Ispat IPO: Strong Demand, Latest GMP, and Subscription Status Msme News Government Should Be First Customer of Startups, Says Amitabh Kant Msme News Mudra Yojana has turned several dreams into reality: PM Modi on 10 years of PM Mudra Yojana Msme News Government Strengthens Export Credit Support for MSMEs Under Interest Equalisation Scheme Msme News Ministry of MSME Issues SOP for Logo Usage by Industry Associations and NGOs Msme News Goa’s First MSME Maritime Cluster Receives Fresh Momentum with New Tenders Msme News “10-15% se sidha 50% profitable hua” says Mukul Rustagi, CEO and Co-founder at Classplus
Be the first to comment