Bihar Entrepreneur Uses Government Loan to Create Bamboo Product Business
2 reports, 1 independent
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What happened
Satyam Sundaram, an MBA graduate from Purnia, Bihar, founded a bamboo-based product venture after facing financial hardship and losing his job during the COVID-19 pandemic. He began the enterprise using a ₹10 lakh loan provided under the Prime Minister’s Employment Generation Programme (PMEGP). The business is now successful and provides livelihoods for nearly 40 families.
From ianslive.in
Why it matters
The venture demonstrates the potential for small businesses to thrive using government support schemes. The enterprise is currently generating employment for a significant number of local families.
From ianslive.in