How Did Hazaribagh's Savitri Devi Establish Her Own Venture with PM Matsya Sampada Yojana Support?
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Synopsis
Discover the inspiring journey of Savitri Devi from Hazaribagh, a resilient woman who turned challenges into opportunities by starting her own ice plant business with financial support from the PM Matsya Sampada Yojana. Her success story highlights the potential of government schemes in empowering individuals and transforming communities.
Key Takeaways
- Savitri Devi's success story illustrates the impact of government support on local entrepreneurship.
- The PM Matsya Sampada Yojana plays a crucial role in empowering individuals to establish businesses.
- Job creation through local enterprises strengthens community resilience.
- Financial assistance can significantly reduce the barriers to starting a business.
- Success in small ventures can lead to broader economic benefits for future generations.
Hazaribagh (Bihar), June 29 (NationPress) The Pradhan Mantri Matsya Sampada Yojana (PMMSY) has paved the way for residents of the city to embark on small yet lucrative business ventures, exemplified by Savitri Devi, a determined woman who overcame challenges to establish her own enterprise with the aid of government funding.
In an inspiring conversation with IANS, Savitri Devi shared her journey through difficult times, ultimately leading to the creation of her successful business, with strong backing from her family members.
Currently, she operates a thriving ice plant business and has successfully created job opportunities for numerous locals and villagers.
Her husband, Jodhan Prasad, stated to IANS that the ice plant business represented a pivotal moment in their lives, laying the groundwork for their self-sufficiency and creating employment opportunities for villagers.
He detailed, “The total investment for establishing the ice plant was Rs 80 lakh, with the government contributing a subsidy of Rs 48 lakh.”
Jodhan also expressed that without assistance from the scheme, they would not have been able to launch the plant.
Discussing the operational capacity and job creation through the plant, he added, "Previously, I struggled to find work, but now I manage a successful business. We are employing over 32-35 individuals."
He noted that the business generates a monthly revenue of Rs 1 lakh, significantly improving their fortunes and those of future generations.
“Sixty percent of the ice produced is supplied to fishermen while the remaining forty percent goes to other businesses. The cost to produce one block of ice is Rs 30, yielding a profit of Rs 70,” he revealed.
Both Jodhan and Savitri expressed their heartfelt thanks to the Prime Minister for initiating an investor-friendly scheme, acknowledging that without government backing, their journey towards 'atmanirbharta' would not have begun.
The Pradhan Mantri Matsya Sampada Yojana (PMMSY) was introduced by PM Modi to foster growth in the fisheries sector, aiming to achieve the Blue Revolution through the sustainable and responsible advancement of India's fisheries.
Point of View
The story of Savitri Devi emphasizes the importance of government initiatives like the PM Matsya Sampada Yojana in fostering entrepreneurship and self-reliance among citizens. Such schemes not only empower individuals but also contribute to regional development and economic growth, aligning with the nation's goal of achieving self-sufficiency.
NationPress
29/06/2025
Frequently Asked Questions
What is the Pradhan Mantri Matsya Sampada Yojana?
The Pradhan Mantri Matsya Sampada Yojana (PMMSY) is a government initiative aimed at the sustainable development of the fisheries sector in India, promoting economic growth and job creation.
How much subsidy did Savitri Devi receive?
Savitri Devi received a subsidy of Rs 48 lakh from the government to help establish her ice plant business, which had a total investment of Rs 80 lakh.
What impact has Savitri Devi's business had on the local community?
Savitri Devi's ice plant business has created job opportunities for over 32-35 local villagers, significantly improving their livelihoods and contributing to the community's economic development.
What are the primary customers of the ice plant?
The ice plant primarily serves fishermen, who purchase 60% of the ice produced, while the remaining 40% is sold to other local businesses.
How does the PMMSY support entrepreneurs?
The PMMSY provides financial assistance and subsidies to individuals looking to start or expand businesses in the fisheries sector, fostering entrepreneurship and self-reliance.
