Bathinda entrepreneurs gain advantage from central government schemes

The Prime Minister’s Employment (PME) Scheme and the Prime Minister Food Processing (PMFP) Scheme appears to have started showing positive results in Punjab’s Bathinda region, with entrepreneurs in the district asserting making huge profits within a year after the implementation of the two schemes.

industrialists and entrepreneurs in the Bathinda district are recalling a noteworthy story as they take advantage of the benefits of the two significant schemes introduced by the central government.

According to officials, under the PME Scheme, emerging entrepreneurs can take advantage of loans of up to Rs 20 lakh for establishing service sector units. Those working in the manufacturing sector can get loans of up to Rs 50 lakh.

Ravinder Mittal, a local businessman, who availed himself of the potential of the Pradhan Mantri Rojgar Yojana scheme, said, “I obtained a loan of Rs 25 lakhs to establish my factory, and the accompanying subsidy has proved invaluable. I extend my gratitude to the Prime Minister for introducing such lucrative schemes that empower businessmen like me.”

He added, “The Prime Minister’s emphasis on the employment scheme is truly benefiting the entrepreneurial landscape.”

In the same way, the PMFP scheme has also opened up possibilities for individuals wanting to establish processing units. According to officials, under this scheme, entrepreneurs can avail of loans of up to 35 lakhs, along with a 35 per cent subsidy.

Preet Mahinder Singh, General Manager at Udyog Kendra Bathinda said, “The synergy between these schemes and the local entrepreneurs is driving remarkable growth in the region…The availability of loans, coupled with well-structured subsidies, is fostering a conducive environment for business expansion.”