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 MSMEs Contribution to Economy Set to Rise to 40% by 2027: U Grow Report IPO News Afcons Infrastructure Set to Launch Major IPO in Early October Msme News SBI Plans to Increase Threshold Limit Under Instant Loan Scheme for MSME Sector Msme News FCIK Optimistic About Revitalization of MSME Sector in Jammu & Kashmir Msme News MSMEs Secure ₹999 Crore from NSIC Venture Capital Fund by July 2024 Msme News Gujarat Government Announces Relief Package for Flood-Hit MSMEs in Vadodara Msme News UP International Trade Show: A Catalyst for MSMEs and ODOP, Says Minister Rakesh Sachan Msme News Government Bridges Credit Gap for MSMEs in Recent Years, Says MSME Development Commissioner Msme News Punjab CM Urges NITI Aayog for Industrial Incentives to Boost MSME Growth and Exports Msme News Tollywood Star Mahesh Babu Invests in Nutraceutical Startup Fitday
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