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VOL. 9, ISSUE 3 (2023)
Efficacy of mudra bank schemes for the growth & development of micro units
Authors
Nivritti James, Shweta Shukla, Sanjay Singh
Abstract
In India, small
businesses are able to provide employment to a large number of people so
Government has emphasized on the accelerating growth of micro units by
providing a loan under the Mudra Bank Schemes. To provide employment is an
important parameter for sustainable economy and that comes through the
effective implementation of a MUDRA that stands for Micro Units Development and
Refinance Agency Ltd. It is a financial institution for development and
refinancing activities related to micro units being setup by government of
India. The purpose of MUDRA is to provide fundi small business sector fall
under the category of Non Most of the people engaged in small businesses. The
study has attempted to measure the efficacy of Mudra bank Schemes in lieu of
easy process, less documentation, lead time for sanctioning the amount, mode of
payment, flexibility in repayment etc. For this study total 185 beneficiaries
were chosen on the basis of convenience method so that efficacy would be
measured. Linear relationship has been examined between the efficacy of Mudra
Bank Schemes and the growth & development of Micro units. The study
concluded that the changes in the growth & development of micro units are
explained by the efficacy of Mudra Bank Schemes.
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Pages:104-106
How to cite this article:
Nivritti James, Shweta Shukla, Sanjay Singh "Efficacy of mudra bank schemes for the growth & development of micro units". International Journal of Commerce and Management Research, Vol 9, Issue 3, 2023, Pages 104-106
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