Wednesday, September 23, 2020
Home News Reports Here are 5 MUDRA success stories that deserve India's attention

Here are 5 MUDRA success stories that deserve India’s attention

You read about some of the MUDRA success stories we shared yesterday. We have found some more positive stories from the internet. This time it is from the handle of @MudraCampaign. The handle managed by department of financial services of finance ministry has shared many success stories of those who got MUDRA loans which have gone unnoticed in the mainstream media

This story of Kakoli Ghosh who is a second generation entrepreneur who brought her father’s business back to track after his death is inspiring. Her firm ‘Bigyan Jantra Silpa’ manufactures lab equipment at a workshop in Kolkata.  She took a MUDRA loan from United Bank of India and currently employs five localites in her firm.

Another lady from Ludhiana, Nivedita tells that she started off her garment business with just a single sewing machine. But now, she owns 8 of them. She thanked the prime minister and her bank manager for helping her to expand her business. Nivedita tells that she now employs several people at her firm after expansion.

This story from Varanasi shows how a small scale detergent manufacturer who has expanded his capacity to 1 tonne per day shows how funding the unfunded can generate wealth and employment. Shailendra Kumar was running a  producing 15 to 20 kg of detergents per day for three years before he secured a MUDRA loan of 5 lakh rupees. Now he has plans for further expansion and employs people at this facility.

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Anwar Ali tells that he got to know about the Pradhan Mantri MUDRA yojana. He says that he got his loan within a month and now he employs three other people. He is a jute craft artist. Ali tells that he is happy that he now self-employed and hopes to expand his business. He is optimistic as jute products are being promoted by the government.

Urmila, a woman from Muzaffarnagar in Bihar earns her daily livelihood by driving an e- rickshaw. She purchased her e- rickshaw with the help of MUDRA loan. This is yet another example of how common people are being empowered through loans for self-employment under MUDRA scheme.

There might be more such stories out there. Some of them are captured and shared on the DFS_Mudra twitter handle. The media and economists who wish to study the impact of MUDRA scheme must go in search of these stories rather than criticise it from their AC rooms.

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