A New Beginning of Self-Reliance : Smt Sheela Mondal Expands Her Cable Business
Mrs. Sheela Mondal of Bankura district, West Bengal, expanded her cable operator business using a loan of Rs. 4.40 lakh under NSFDC's Micro Credit Loan Scheme in 2023–24. With financial assistance, her monthly income increased from Rs. 15,000–18,000 to approximately Rs. 35,000, helping her achieve self-reliance.
Why It Matters
The source text discusses a beneficiary of a government scheme (NSFDC Micro Credit Loan Scheme), which is relevant for government schemes and welfare topics in competitive exams like UPSC, SSC, and state-PSC.
In Simple Words
Small business owners often need affordable credit to grow their work and improve family life. Mrs. Sheela Mondal from Bankura district, West Bengal, used a loan of Rs. 4.40 lakh under NSFDC's Micro Credit Loan Scheme during 2023–24 to expand her cable operator business.
Previously, she earned Rs. 15,000 to Rs. 18,000 monthly, which was insufficient. With her husband's help and the loan, her monthly income increased to about Rs. 35,000, bringing financial comfort and self-reliance.
Key Points
- Beneficiary name: Mrs. Sheela Mondal
- Age: 39
- Location: Bankadaha village, Bankura district, West Bengal
- Loan amount: Rs. 4.40 lakh
- Scheme: NSFDC's Micro Credit Loan Scheme
- Loan year: 2023-24
- Previous monthly income: Rs. 15,000–18,000
- New monthly income: Approximately Rs. 35,000
Exam Angle
A. Rs. 4.40 lakh
Source: Press Information Bureau