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 MSME Loan Portfolio Reaches ₹64.1 Trillion in FY24: Report Msme News Finance Ministry Directs PSBs to Pilot New Credit Assessment Model for MSMEs Msme News UGRO Capital Plans to Raise $40M to Support Last-Mile Indian MSMEs Msme News Telangana Unveils New MSME Policy, Allocates ₹4,000 Crore for Development Msme News CBIC Extends Export Benefits to Courier Shipments to Boost E-Commerce Msme News Union Budget 2025-26- A transformative budget for MSME this year! Msme News Tally Solutions Unveils TallyPrime 5.0: Revolutionizes API-Based GST Filing for MSMEs Msme News MSME Delayed Payment: Filing Deadline and Requirements for MSME-1 Form Msme News MSME Loan Portfolio Expands by 17.8% to ₹64.1 Trillion in FY24: Report Msme News MSMEs in North Bengal to Flourish with Government’s ₹15 Crore Plan
Be the first to comment