Bhagalpur, Bihar—Krishna Ashish’s fiber and flower decoration enterprise stands as a testament to perseverance amid adversity. Launching in 2017, the business faced near collapse during COVID-19 and a 2024 accident. But a timely PMEGP loan changed everything, propelling it to new heights with expanded production and a workforce of 15.
Post-crisis, Krishna sought revival options and discovered PMEGP, managed by the KVIC under MSME. After swift approval, Bank of India disbursed Rs 9.45 lakh, enabling machinery upgrades and scaled output. Today, his ornate items grace event tents, luxury resorts, and banquet venues across Bihar and Jharkhand.
Markets now span Giridih, Tinpahar, Deoghar, Basukinath, Dumka, plus Bihar’s border regions like Purnea and Munger. With limited competition—plants are scarce outside major cities like Patna—Krishna’s venture fills a critical gap, boosting local supply chains.
Employing locals has been key. ‘From zero to sustaining 12-15 families,’ Krishna notes. He credits PMEGP for empowering youth, urging others to leverage it. This narrative reflects broader trends: government schemes driving self-reliance, job creation, and regional development in India’s heartland.