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Success Story of MUDRA

STORY-1

Bank Details:

  • Name of the Bank              : Punjab and Sind Bank
  • Branch Name and Address : AKOTA, A-2/1, ASHWAMEGH-III, AKOTA ROAD, MUJMAHUDA,BARODA

Unit Details:

  • Name of the borrower and address :Raheman Abdul Latif Shaik

                                                       G-1, Taslim Complex, Tandalja, Vadodara

  • Unit Name : A-1, Digital Studio
  • District : Vadodara
  • State                                               : Gujarat
  • Date of Sanction of the Loan : 21-06-2017 
  • Amount of Loan : Rs 1,42,000/-

Photograph

Details of the Unit–

  • Type of the activity : Photographer
  • Total turnover : Rs 6,00,000/-
  • Number of persons engaged : 2
  • Average sales /months, Net profit etc : sales Rs 50,000/- and profit Rs 30,000/-

Why it is a success Story

Name : Raheman Abdul Latif Shaik

Loan Facility : PMMY (KISHOR) Rs 1,42,000/-

Raheman Abdul Latif Shaik has availed PMMY (Kishor) loan for the purchase of DSLR Professional Camera. He had passion for photography and earlier he was doing small kind of photography work. After availing the loan, business has started growing. He has opened the studio in the name A-1 Digital studio at Tandalaja, Vadodara. He also started the work of photoediting, videorecording and he again applied for loan facility for the purchase of New Computers, UPS & Video recording Camera. Now he has started photography, video recording work in various functions like marriages, birthday parties etc.

The account is regular and borrower is depositing the EMI's. He is happy with the bank for providing timely credit facility under PMMY.

 

STORY-2

·  Name of the borrower: Mukesh w/o Jarnail Singh

·  Place: Manchuri

·  Bank name and branch: Punjab & Sind Bank, Manchuri

·  Activity:Manihari business

·  Category: OBC

·  Amount disbursed: Rs-50,000/-

 

The beneficiary of Mudra Loan Smt Mukhesh W/o Jarnail Singh used to do Manihari business at Vill – Manchuri, Tehsil – Assandh, Dist- Karnal and she got information about Mudra Loan from Punjab and Sind Bank Manchuri. She personally visited branch on 06-02-2017 and inquired about the process, ROI and other aspects of Mudra Loan. After getting satisfactory reply and easy process of Mudra Loan from bank official, she applied for a Mudra Loan under Shishu Scheme for Rs. 50,000 on 07/02/2017 and the same loan was sanctioned and disbursed on 08/02/2017. Now she is running her business in a better way and earns money to contribute towards the growth of her family. She is also planning expanding her business in near future.

 

 

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