ENA MSME 2024-01-03 17:26:23 <p><span style="font-size:14px"><strong>New Delhi, Jan 3 (KNN)</strong> Ministry of Micro, Small and Medium Enterprise (MSME) shared a success story of Sumit Raut, a proactive and unemployed M. Tech graduate in CAD-CAM, who emerged as a thriving entrepreneur, attributed to the Pradhan Mantri Employment Generation Programme (PMEGP) loan.</span></p> <p><span style="font-size:14px">Raut's journey from job seeker to successful business owner exemplifies the transformative impact of government initiatives on individual aspirations.</span></p> <p><span style="font-size:14px">While on the lookout for employment opportunities after completing his M. Tech, Raut stumbled upon a training program on Micro, Small, and Medium Enterprises (MSME) at Udyog Bhavan, Nagpur.</span></p> <p><span style="font-size:14px">The program acquainted him with the Micro, Small, and Medium Enterprises Development Institute (MSME-DI), MGIRI, Wardha.</span></p> <p><span style="font-size:14px">Intrigued, he promptly sought more information about the various training programs and technologies available in different departments.</span></p> <p><span style="font-size:14px">Raut, with a vision and a few acres of farmland, decided to explore the potential of Aloe vera-based products.</span></p> <p><span style="font-size:14px">He enrolled in a 5-day training program on Aloe vera-based products under the guidance of Dr. Adarsh Kumar Agnihotri in the Bio-processing and Herbal Division of MGIRI in May 2016.</span></p> <p><span style="font-size:14px">Post-training, armed with newfound knowledge, Raut cultivated Aloe vera in his farm and initiated the production of Aloe vera-based items, including Hand wash, Shampoo, Moisturizing gel, and Juice.</span></p> <p><span style="font-size:14px">Encouraged by positive customer responses, he envisioned expanding production but faced the need for additional machinery and a more substantial setup.</span></p> <p><span style="font-size:14px">To materialize his expansion plans, Raut availed a loan under the PMEGP scheme.</span></p> <p><span style="font-size:14px">With the financial backing, he established Mahalakshmi Agro Products in Ralegaon, Dt. Yavatmal.</span></p> <p><span style="font-size:14px">Today, the enterprise employs six individuals, and Raut enjoys a monthly income of approximately 1 lakh.</span></p> <p><span style="font-size:14px">Maintaining a symbiotic relationship with MGIRI, Raut stays in regular touch with the institute, seeking technical guidance whenever needed.</span></p> <p><span style="font-size:14px">His journey underscores the importance of empowering individuals through skill development and financial support, showcasing the success achievable through government-led initiatives like PMEGP.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 36134 https://knnindia.co.in/news/newsdetails/msme/pmegp-backed-entrepreneur-thrives-in-aloe-vera-business-a-success-story 2024-01-03 17:26:23 knnindia.co.in