How is the PMFME Scheme Transforming Lives in Motihari?
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Synopsis
Discover how the PMFME Scheme is empowering the youth of Bihar, particularly in Motihari, to become entrepreneurs. Learn about Abhimanyu Kumar's journey from employee to business owner, and how his success story is inspiring a wave of local initiatives that benefit the community and economy.
Key Takeaways
- Empowerment through entrepreneurship: The PMFME Scheme encourages youth to become business owners.
- Community development: Local enterprises create jobs and strengthen the economy.
- Support for farmers: Farmers benefit from local businesses by reducing transportation costs.
- Government initiatives: Schemes like PMFME are vital for microenterprise growth.
- Inspiration: Abhimanyu’s story motivates others to pursue their entrepreneurial dreams.
Motihari, Aug 9 (NationPress) The young individuals of Bihar are enthusiastic and determined to forge their own futures by seizing the opportunities offered by various Central government initiatives, with the latest being the PM Formalisation of Micro Food Processing Enterprises (PMFME) Scheme.
The PMFME scheme, which extends financial and technical assistance to individuals aiming to establish micro food processing businesses, has emerged as a significant support for the residents of Motihari, Bihar. Many locals are opting to launch their own enterprises instead of migrating to big cities in search of jobs.
Abhimanyu Kumar, hailing from Bairiya village in the Harsiddhi block of Motihari, has set a remarkable example for others by inaugurating a large-scale animal feed manufacturing facility. His venture not only stands as a self-sustaining business but also creates job opportunities for his fellow villagers.
Previously, Abhimanyu was employed in a private factory in Bangalore.
Upon discovering the PMFME scheme initiated by the Modi administration, he resolved to take control of his future by becoming an entrepreneur.
He returned to his hometown and secured a subsidized loan through the government’s flagship program to establish his enterprise. He successfully obtained a loan of Rs 25 lakh from SBI bank and launched a cattle feed factory in his village.
His business has gained immense popularity, attracting interest from neighboring villagers who come to witness his innovative endeavor.
Driven by ambition and vision, Abhimanyu’s initiative, supported by the PMFME scheme, has inspired many others aspiring to tread a similar path. Employees at his factory also admire his commitment and entrepreneurial spirit.
Moreover, his business is advantageous for local farmers. The farmers in this region cultivate maize extensively and are now supplying it to Abhimanyu instead of transporting it to distant markets. This not only saves them transportation costs but also enhances their earnings.
The PMFME scheme was introduced to tackle the difficulties faced by microenterprises. It aims to boost the competitiveness of both new and existing micro food processing businesses within the unorganised sector of the food processing industry while promoting the formalization of the industry.
Point of View
I am committed to highlighting stories that showcase the resilience and ingenuity of our youth. The success of Abhimanyu Kumar in Motihari is a testament to the potential unlocked by government initiatives like the PMFME scheme. It is imperative for us to support such endeavors, as they not only empower individuals but also uplift entire communities.
NationPress
10/09/2025
Frequently Asked Questions
What is the PMFME Scheme?
The PMFME Scheme stands for the PM Formalisation of Micro Food Processing Enterprises Scheme, which provides financial and technical assistance to individuals looking to establish micro food processing businesses.
How has Abhimanyu Kumar benefited from the PMFME Scheme?
Abhimanyu Kumar benefited from the PMFME Scheme by securing a loan of Rs 25 lakh, which he used to set up a successful cattle feed factory in his village, creating jobs and supporting local farmers.
Why is the PMFME Scheme important?
The PMFME Scheme is crucial as it addresses the challenges faced by microenterprises, enhances their competitiveness, and promotes the formalization of the food processing sector.
