Samundra Ganjhu is a 28 year old Lac Entrepreneur from the Gargali village of the Mandu block of Jharkhand. Lac is a resinous secretion by lac insects on specific host trees (available in Jharkhand) which when processed has numerous applications from making bangles to being used in computers. While Samundra had been involved in Lac cultivation from before, the quality of his product was always subpar and thus he used to bear huge losses. He decided to take the opportunity of technical expertise training provided by CInI (an initiative of Tata Trusts) in Ranchi to better the quality of his product. He decided to undertake Lac entrepreneurship with an investment of 60,000 rupees and a loan of 50,000 rupees. He went on to supply Brood Lac to 22 farmers in the area and train them as well on their upkeep. He finds Lac cultivation and entrepreneurship a more stable source of income than other crops and manages to earn almost 2.5 to 3 lakhs annually. He has returned 100% of his loan and his future aspiration is to establish his own Lac processing unit and also a unit to make end products like buttonlac or bangles from Lac for both purposes: to provide employment to the village women and earn profits for himself.
State : Jharkhand
Gender : Male
Sector : Agriculture & Forestry