Pradhan Mantri MUDRA Yojana: A Critical Analysis

Abstract

The paper on Pradhan Mantri MUDRA Yojana (PMMY) explores the performance and the impact of the scheme in promoting entrepreneurship and self-employment among small and micro enterprises in India. The paper provides an overview of the scheme, its objectives, key features and challenges. It also examines the lending criteria and disbursing loans to beneficiaries under the scheme. The paper highlights the success of PMMY in providing financial assistance to over 30 crore beneficiaries as of March 2021, and its contribution to the growth of the MSME sector in the country. The scheme has also played a significant role in empowering women entrepreneurs, with 70% of the loans sanctioned under the scheme being to women-owned enterprises. This research paper includes the overview of Pradhan Mantri MUDRA Yojana, performance analysis and SWOT analysis of the scheme. The scheme has the potential to further strengthen the MSME sector and create more employment opportunities in the country.