Like our Facebook Page

news details

Woman entrepreneur becomes proud owner of flourishing M/S Everest Cement Products with help from DIC 7/6/2020 11:57:29 PM Early Times Report UDHAMPUR, July 6: An aspiring young female entrepreneur has become the proud owner of flourishing M/S Everest Cement Products with the help from District Industries Udhampur. Shivali Mahajan, resident of Everest House Main Bazaar Udhampur, in the year 2018, approached District Industries Udhampur for financial assistance to start her own venture to become an entrepreneur. The department sponsored her case to a financial institution (OBC Bank) with a loan amount of Rs. 25.00 lakhs under PMEGP scheme and registered her maiden unit with the name and style – M/S Everest Cement products for manufacturing of Fly Ash Bricks, Cement Tiles, pavers and blocks.(Green Building Initiative) Shivali Mahajan worked with full zeal and zest. District Industries Udhampur also supported her consequent to which she was able to run her unit smoothly and bring it into production in the same year. She is running her business smoothly and also paying her loan installments regularly. Meanwhile, District Industries Centre Udhampur is also pursuing the case of the unit holder for claim of margin money of Rs. 8.75 Lakhs under PMEGP scheme. The PMEGP beneficiary became an MSME unit holder with a short span of time and established her unit at IID Centre Battal Ballian Udhampur with DIC registration no. 07/010/12/00173 dated 17.12.2018. The department further motivated her to install DG set and lab testing equipments with the 100% subsidy in both the cases. Additionally, the department provided her Rs. 3.47 lakh and Rs. 1.53 lakhs after the installation of DG set and commissioning of Lab testing equipments respectively. The turnover in the starting year was Rs. 10 lakh, whereas the unit clocked an annual turnover of Rs 36 lakhs in last financial year 2019-20. The unit which was started initially as a means to make both ends meet now provides employment to 10 persons besides making a profitable earning for her family. Clearly an entrepreneur like Shivali Mahajan is a role model for other budding entrepreneurs and DIC Udhampur headed by General Manager Suram Chand Sharma, wishes her all the best in her future endeavors.   Share This News with Your Friends on Social Network     Comment on this Story

top stories of the day

New toll plazas for Jammu; no toll tax for people in Kashmir 11 months on, peaceful Jammu remains without high speed internet Army gets goldmine of terror info in Shopian CASO GHSS Behroti lacks basic infrastructure, students deprive of quality education Six more deaths push COVID-19 death toll to 138, 246 new cases reported 47 fresh positive, 777 active positive, 19 recovered and 36 deaths so far in north Kashmir Ladakh's active COVID-19 count drops to 168 with 10 recoveries Former RAW chief CD Sahay, Kashmir expert Pandya draft JK outreach roadmap MHA allows universities to conduct exams As Chinese remove tents in Galwan, Indian Army says pullback confirmation only after on ground verification SIT formed to probe Udhampur murder case Munish Gupta asks government to step in & solve problems of residents Husband shoots 5 months pregnant wife over dowry Three teachers booked for raping girl in Kulgam People in Kmr not following Covid- 19 guidelines

STOCK UPDATE