The story unveils a few years back. During 2003, 14 unemployed males, residing at wards 14 and 15 of Pallipuram Grama Panchayat (One of the seven thickly populated Grama Panchayats under this Block), united themselves with an idea to form a Self Help Group (SHG), by name “Sneham” – which means ‘Love & affection’. On 28-11-03, the Group came into existence, and slowly but steadily, it started to function.
Adolescence
It was a very testing time, with money playing a pivotal role in the market, and that was something they needed very badly. All members started to contribute their thrift of Rs.10/= per week, towards working capital, and the same was deposited in a joint account, opened in the name of President and Secretary, at State Bank of India, Cherai. Soon after, with the effort and support of the then VEO of Cherai Circle, the Group was registered under SGSY, at Vypin Block. The initial product by the Group – “Country broom stick” was launched, and the marketing was inaugurated on 11-4-04, by the Hon. President of Pallipuram Grama Panchayat, Smt.A.S.Aruna. Thus the game was on.
Steady Growth
As part of expansion process, a room was rented, with each member contributing Rs.500/= each, towards it. Meanwhile the initial grading was successfully completed, and Rs.50,000/= was sanctioned towards Revolving Fund. With confidence growing, they launched for marketing, almost 60 locally made items – starting with clay pots to dress materials etc. with a Logo “Buy local products and save our Locality”, which clicked in a big way.
Into the Big League
After the success of these initial activities, the Group members, brimming in confidence of their previous success, proposed an idea of “Private Bus Service”, during the time of second grading. After careful scrutiny and analysis, their idea was approved and supported by the Vypin Block, and the financial proposal was placed before State Bank of India, Cherai, with 10 group members subscribing to it. A total amount of Rs.9,78,000/= was sanctioned by the Bank – with Rs.1,00,000/= as Subsidy, and the rest Loan – with a total repayment period of seven years. Hence, after collecting all the details regarding the Vehicle, a 36 seater Bus was purchased (make: TATA 497) from M/S. Popular Mega Motors (P) Ltd, Ernakulam. The Body was built by M/S.Sree Muruga Auto Centre, N.Paravoor. They were sanctioned a peculiar route “ Ernakulam (High Court Jn.) – Cherai Beach – Paravoor”, and thus their small entrepreneurship found a place in the Tourism Map. They did all these without sacrificing their initial business. Only group members are employed in all their enterprises.
Passing word
Today the Group stands high, among all other establishments in the Panchayat. Their Gross Asset is worth 13 Lakhs, and 14 famalies enjoys the fruit of co-operation and economic security. Their Loan is being repaid promptly, and they are confident to clear all the liabilities within the stipulated period. That is “Sneham” - Raw Talents grouped into a Winning Combination.
Adolescence
It was a very testing time, with money playing a pivotal role in the market, and that was something they needed very badly. All members started to contribute their thrift of Rs.10/= per week, towards working capital, and the same was deposited in a joint account, opened in the name of President and Secretary, at State Bank of India, Cherai. Soon after, with the effort and support of the then VEO of Cherai Circle, the Group was registered under SGSY, at Vypin Block. The initial product by the Group – “Country broom stick” was launched, and the marketing was inaugurated on 11-4-04, by the Hon. President of Pallipuram Grama Panchayat, Smt.A.S.Aruna. Thus the game was on.
Steady Growth
As part of expansion process, a room was rented, with each member contributing Rs.500/= each, towards it. Meanwhile the initial grading was successfully completed, and Rs.50,000/= was sanctioned towards Revolving Fund. With confidence growing, they launched for marketing, almost 60 locally made items – starting with clay pots to dress materials etc. with a Logo “Buy local products and save our Locality”, which clicked in a big way.
Into the Big League
After the success of these initial activities, the Group members, brimming in confidence of their previous success, proposed an idea of “Private Bus Service”, during the time of second grading. After careful scrutiny and analysis, their idea was approved and supported by the Vypin Block, and the financial proposal was placed before State Bank of India, Cherai, with 10 group members subscribing to it. A total amount of Rs.9,78,000/= was sanctioned by the Bank – with Rs.1,00,000/= as Subsidy, and the rest Loan – with a total repayment period of seven years. Hence, after collecting all the details regarding the Vehicle, a 36 seater Bus was purchased (make: TATA 497) from M/S. Popular Mega Motors (P) Ltd, Ernakulam. The Body was built by M/S.Sree Muruga Auto Centre, N.Paravoor. They were sanctioned a peculiar route “ Ernakulam (High Court Jn.) – Cherai Beach – Paravoor”, and thus their small entrepreneurship found a place in the Tourism Map. They did all these without sacrificing their initial business. Only group members are employed in all their enterprises.
Passing word
Today the Group stands high, among all other establishments in the Panchayat. Their Gross Asset is worth 13 Lakhs, and 14 famalies enjoys the fruit of co-operation and economic security. Their Loan is being repaid promptly, and they are confident to clear all the liabilities within the stipulated period. That is “Sneham” - Raw Talents grouped into a Winning Combination.
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