How Did Hazaribagh's Cobblers Like Ajit Kumar Become Prosperous Through the Mudra Yojana?
Click to start listening
Synopsis
Discover how Ajit Kumar Das, a cobbler from Hazaribagh, transformed his life through the Pradhan Mantri Mudra Yojana. This inspiring story highlights the impact of micro-credit on marginalized communities and showcases Ajit's journey from humble beginnings to prosperity.
Key Takeaways
- The Pradhan Mantri Mudra Yojana has transformed lives.
- Ajit Kumar Das's success story illustrates the impact of micro-credit.
- The scheme promotes self-employment and entrepreneurship.
- Financial support fosters confidence and dignity.
- PMMY is targeted towards marginalized communities.
Hazaribagh, Oct 1 (NationPress) The Pradhan Mantri Mudra Yojana (PMMY) has significantly transformed the lives of individuals from underprivileged and marginalized backgrounds.
One such success story is that of Ajit Kumar Das, a cobbler from Hazaribagh, whose life has drastically changed due to the micro-credit and loan facilities provided by this scheme.
Currently, Ajit operates a thriving shoe shop in Gandhi Maidan, Hazaribagh, enjoying a life of comfort and respect, thanks to the PMMY.
Previously, he spent his days working in sewing shops, crafting shoes but earning meager wages that barely supported his family. In 2017, he seized the opportunity to apply for a loan of Rs 50,000 from a bank under the Pradhan Mantri Mudra Yojana, which marked a turning point in his career.
With this financial backing, Ajit established his own shop and began producing shoes on a larger scale. His dedication and skill soon made him a well-known figure in the community.
According to Ajit, the scheme not only provided crucial financial aid but also enhanced his self-esteem.
Once operating from a rented kiosk, he now proudly owns his shop. The profits from his business have enabled him to build his own home and support his children’s education.
His remarkable journey even led him to meet Prime Minister Narendra Modi during an event in New Delhi in 2018, where he had the honor of also meeting the then-Vice President Venkaiah Naidu.
Ajit Kumar Das emphasizes that the PMMY has been a vital pillar of support in his life.
Without this initiative, he believes he might still be struggling in a tin kiosk. Today, he stands proud, not only providing for his family but also giving them a brighter future.
The PMMY, launched on April 8, 2015 by PM Modi, aims to provide easy, collateral-free micro-credit of up to Rs 10 lakh to non-corporate, non-farm small and micro entrepreneurs for income-generating ventures.
Point of View
It is essential to recognize the profound impact of initiatives like the Pradhan Mantri Mudra Yojana. Such programs not only provide financial assistance but also instill confidence and hope in individuals from marginalized sectors, paving the way for economic empowerment and community development.
NationPress
01/10/2025
Frequently Asked Questions
What is the Pradhan Mantri Mudra Yojana?
The Pradhan Mantri Mudra Yojana (PMMY) is a government scheme launched on April 8, 2015, aimed at providing collateral-free micro-credit to small and micro entrepreneurs for income-generating activities.
How much loan can one avail under PMMY?
Under PMMY, individuals can avail of loans up to Rs 10 lakh to support their small or micro businesses.
Who can apply for a loan under PMMY?
The scheme is designed for non-corporate, non-farm small and micro entrepreneurs, particularly those from weaker and marginalized sections of society.
What impact has PMMY had on individuals?
PMMY has significantly improved the livelihoods of many individuals, enabling them to start or expand their businesses, thereby enhancing their self-esteem and providing better lives for their families.
Can you share a success story from PMMY?
Ajit Kumar Das from Hazaribagh is a notable success story, having transformed his life from a cobbler working in a rented kiosk to owning a successful shoe shop, thanks to the support from PMMY.
