Entrepreneurs from Ranchi and Hubballi Thrive with Mudra Yojana Aid
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Synopsis
Prime Minister Modi's Mudra Yojana has transformed lives of entrepreneurs in Ranchi and Hubballi, providing them with financial support and training. This initiative promotes self-employment and creates job opportunities, showcasing how ordinary people can achieve extraordinary success.
Key Takeaways
- Mudra Yojana supports small businesses nationwide.
- Entrepreneurs like Kunal and Vishal have thrived through its assistance.
- Financial support helps create job opportunities.
- Training provided enhances business skills.
- Shows potential for growth and expansion in small enterprises.
New Delhi, April 8 (NationPress) Prime Minister Narendra Modi's visionary 'Pradhan Mantri Mudra Yojana (PMMY)' has significantly transformed the lives of small business owners, youth, and entrepreneurs nationwide. Success stories emerging from different regions of India, including Ranchi (Jharkhand) and Hubballi (Karnataka), clearly illustrate that this initiative is not just a crucial step towards achieving an 'Atmanirbhar Bharat' (self-reliant India) but has also created thousands of employment opportunities and a dignified lifestyle for many.
Kunal Agarwal, a businessman from Ranchi, launched a paper plate manufacturing startup after securing a loan through the Mudra Yojana. Initially starting with a modest operation, he has now grown his business significantly, providing jobs to three to four individuals. Kunal also trains aspiring entrepreneurs and supplies them with essential materials. He envisions further expansion for his business and boasts a thriving paper plate unit.
In an interview with IANS, he expressed gratitude for the Mudra Yojana, citing not just financial assistance but also the training opportunities it provided. Kunal revealed his ambition to expand further and noted a growing trend in his city where many are opting for Mudra Yojana loans to establish their own ventures. He recalled how, when he sought to start his own business, he was informed about the Mudra scheme, which offered loans with minimal paperwork. With the loan, he successfully initiated his entrepreneurial journey.
In Karnataka, Vishal, a beneficiary from Hubballi, shared that he received a loan of Rs 4.5 lakh under the Mudra Yojana without any collateral. This support enabled him to establish a bottled water unit that is currently operating profitably. After achieving profits in the first phase, he secured an additional loan from the bank to further expand his operations. Vishal mentioned that he has already employed over 15 individuals and has plans for additional growth in the coming years.
It is important to highlight that the Prime Minister Mudra Yojana has fostered self-employment across the nation, providing a platform for small entrepreneurs to aspire for greatness and turn their dreams into tangible realities. Whether as a paper plate manufacturer or a bottled water business owner, these stories exemplify that with the right opportunities and support, ordinary individuals can achieve remarkable success.
