An Investigation into Pradhan Mantri Mudra Yojana (PMMY) – A Study on Financial Inclusions

Abstract

Providing credit to micro-enterprises, shows the practical impact through last-mile financiers such as banks, regional rural banks, microfinance institutions, and non-banking financial organisations in India. The study assessed the overall impact of MUDRA yojana. The study evaluated the MUDRA Yojana's overall effects and examined the payments made to MUDRA Udemy's, finding that total payments made under PMMY over the course of five years starting in 2015 was 12.30 lakh crore and benefited 24.48 crore loan accounts. The government of India set up a Target under Pradhan Mantri Mudra Yojana (PMMY) for the financial year 2020-2021 was Rs. 3.50 lakh crore. The region wise performance of Targets vs. Achievements were analyzed. The paper analysis is based on the secondary source like State wise Performance, Regional wide analysis, Agency wise Achievement, In Conclusion, MUDRA scheme generates significant and ripple effect on the employment generation and subsequently on the social development.