How Did Jaunpur's Govind Overcome Failures to Become Self-Reliant Thanks to PMFME?
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Synopsis
Discover how Govind Modanwal from Jaunpur transformed multiple failures into a successful bakery business with the help of the PMFME scheme. His inspiring journey showcases the power of resilience and government support in achieving self-reliance.
Key Takeaways
- Persistence is key in overcoming challenges.
- The PMFME scheme provides vital support for small entrepreneurs.
- Financial assistance can lead to significant business growth.
- Creating job opportunities benefits the community.
- Government initiatives can transform lives.
Jaunpur, June 24 (NationPress) The remarkable journey of Govind Modanwal, a resident of the Thana Kotwali area, serves as a beacon of hope for anyone in the state aspiring to realize their dreams.
Despite encountering multiple setbacks in both employment and entrepreneurship, Govind persisted, demonstrating remarkable resilience.
The Central government's PM Formalisation of Micro food processing Enterprises (PMFME) initiative provided him with a transformative opportunity. With its support, he established a bakery business and achieved financial independence. Currently, he employs four individuals.
Govind recounts that he previously attempted to break into the bakery sector, but faced failure. This experience only fortified his resolve.
“We learned about the PMFME scheme through the Horticulture Department. After applying for a loan, we received Rs 7.53 lakh, which included a 35% government subsidy,” he shared.
He added that this financial assistance propelled their bakery venture to impressive heights. Their earnings have surged from Rs 10,000-12,000 monthly to an impressive Rs 60,000-70,000.
“This scheme has not only enhanced our financial standing but also significantly uplifted our confidence. We are now looking to expand our operations to create more job opportunities,” he stated.
Praising the PMFME initiative, Govind remarked, "The PMFME has been a true blessing for small business owners. My gratitude goes to Prime Minister Narendra Modi for this support. I urge other youngsters to leverage such government initiatives and strive for self-reliance."
It’s important to note that the PMFME scheme offers financial backing, training, and technical assistance to micro food processing entrepreneurs, aiming to empower small businesses in both rural and urban settings while fostering job creation.
Point of View
Govind's story highlights the crucial role of government initiatives like PMFME in fostering entrepreneurship and self-reliance. As economic challenges persist, empowering small businesses will be essential for national growth and employment generation.
NationPress
24/06/2025
Frequently Asked Questions
What is the PMFME scheme?
The PMFME scheme is a government initiative aimed at providing financial assistance, training, and technical support to micro food processing entrepreneurs, fostering growth and job creation.
How did Govind Modanwal's business improve?
With a loan from the PMFME scheme, Govind expanded his bakery business, increasing his monthly income significantly and creating jobs.
What can other entrepreneurs learn from Govind's story?
Govind's resilience and proactive approach in utilizing government resources serve as an inspiring example for aspiring entrepreneurs facing challenges.
