A cobbler from Hazaribagh transformed his struggling business into a thriving shoe enterprise through the Pradhan Mantri Mudra Yojana microfinance program. Ajit Kumar Das secured 50,000 rupees in 2017 under the collateral-free lending initiative and expanded from working in rental spaces to operating an independent retail location at Gandhi Maidan. The financial assistance enabled him to construct a residence and fund his children's schooling while gaining recognition for quality craftsmanship throughout the community.
Das met Prime Minister Narendra Modi and then-Vice President Venkaiah Naidu at a 2018 event in New Delhi following his entrepreneurial success. The government program launched in April 2015 provides loans up to 10 lakh rupees for non-corporate small business owners in income-generating sectors. Das credits the scheme with lifting his family from poverty and establishing economic stability through sustainable employment. The initiative continues supporting entrepreneurs from marginalized backgrounds across India's informal economy sectors.
Das met Prime Minister Narendra Modi and then-Vice President Venkaiah Naidu at a 2018 event in New Delhi following his entrepreneurial success. The government program launched in April 2015 provides loans up to 10 lakh rupees for non-corporate small business owners in income-generating sectors. Das credits the scheme with lifting his family from poverty and establishing economic stability through sustainable employment. The initiative continues supporting entrepreneurs from marginalized backgrounds across India's informal economy sectors.
