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VOL. 9, ISSUE 5 (2023)
Empowering entrepreneurs and fostering financial inclusion: An in-depth analysis of the impact and effectiveness of the Prime Minister Mudra Yojana
Authors
Ediga Rajanna, Gangineni Ranganatham
Abstract
The Prime Minister Mudra
Yojana (PMMY), initiated in April 2015, stands as a pivotal milestone in
India's quest for financial inclusion. This flagship program was conceived with
the noble objective of extending the reach of credit to the often marginalized
but inherently entrepreneurial micro and small-scale entrepreneurs. In this
comprehensive review, we undertake a critical evaluation of PMMY, dissecting
its core objectives, dissecting its core objectives, scrutinizing the nuances
of its implementation, and dissecting the multifaceted impact it has etched on
India's economic landscape. We do so through a rigorous examination of
empirical data and compelling case studies, aspiring to provide a profound and
holistic assessment of the program's effectiveness, while also candidly
addressing the inherent challenges it faces on its journey towards fostering
economic development, job creation, and financial inclusion in the diverse and
dynamic Indian context.
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Pages:65-69
How to cite this article:
Ediga Rajanna, Gangineni Ranganatham "Empowering entrepreneurs and fostering financial inclusion: An in-depth analysis of the impact and effectiveness of the Prime Minister Mudra Yojana". International Journal of Commerce and Management Research, Vol 9, Issue 5, 2023, Pages 65-69
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