Rags to Riches: How a Bihar boy overcame poverty to start a business
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Praveen Sharma
Praveen Sharma, hailing from Bihar, comes from an underprivileged background. Due to financial challenges, he had to discontinue his studies after class 12.
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Hopes of a better life
Working as a labourer, Praveen earned some money and saved it to start his own business.
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Business ideas
Praveen began making slippers to earn a living. When the first 10 pairs sold out, it boosted his confidence.
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Launching a startup
He learned about a government loan scheme and decided to take a loan to launch a startup in 2021.
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Enduring challenges
The path was challenging as the local market for slippers was limited and there was already a variety of products available.
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Learning from setbacks
Despite the difficulties, Praveen continued exploring more market opportunities.
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Successful business
Today, he receives orders from other states as well. He earns significant income through his business endeavours.
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Smart Footwear
The products are supplied from Barari, Bihar. Praveen’s startup ‘Smart Footwear’ offers over 60 different types of products.