From Skill to Self-Reliance
Smt. Shalaka Darshan Nagotkar from Thane, Maharashtra, utilized financial assistance of Rs. 3,75,000 under the NSFDC Term Loan Scheme to establish a home-based beauty parlour. With this timely credit support, she overcame commercial rent barriers and now earns a monthly net income of approximately Rs. 25,000 to Rs. 30,000, supporting her family. Her journey highlights the impact of institutional finance in empowering women entrepreneurs.
Why It Matters
This press release details a beneficiary success story under an institutional loan scheme, which may be relevant for questions regarding government welfare schemes and economic empowerment in competitive exams.
In Simple Words
Professional skills combined with timely and affordable finance can create meaningful livelihood opportunities. Institutional assistance helps aspiring entrepreneurs overcome initial financial barriers and establish sustainable enterprises.
Smt. Shalaka Darshan Nagotkar from Thane, Maharashtra, used a loan of Rs. 3,75,000 under the NSFDC Term Loan Scheme to open a home-based beauty parlour. By avoiding high commercial rent, she successfully utilized her beauty diploma to build a stable livelihood, earning a monthly net income of Rs. 25,000 to Rs. 30,000.
Key Points
- Beneficiary name: Smt. Shalaka Darshan Nagotkar
- Location: Kalyan (West), Thane, Maharashtra
- Financial assistance received: Rs. 3,75,000
- Scheme name: NSFDC Term Loan Scheme
- Loan disbursement date: 30 October 2024
- Intermediate agency approached: Thane Branch of LIDCOM
- Monthly net income: Rs. 25,000 to Rs. 30,000
- Ministry: Ministry of Social Justice & Empowerment
Exam Angle
A. Approximately Rs. 25,000 to Rs. 30,000
Source: Press Information Bureau