Financial Inclusion: Performance of Pradhan Mantri Mudra Yojana Scheme in India

India has emerged as one of the fastest growing economies in the world projected to clock one of the highest growth rates in the world during financial year 2016–17.There is a huge opportunity for micro and small enterprise in India. And also there is a great potential to start micro units. But there is a lack of finance for startups, NSSO survey (2013) reports that 4% of 57.7 million MSMEs are unable to get financial support from regular banks. More over for start-ups there is great difficulty in getting financial support from financial institutions. MSMEs need adequate and easy access of financial services. Micro Units Development and Refinance Agency Bank (MUDRA Bank) has been created with the adage of “Funding the Informal by Funding the Unfunded”, by making Micro, Small business units to be string instruments for GDP growth and also employment generation. It lends loan to non- form income generating enterprises in manufacture, trading and services whose credit needs are below 10 lakhs. So far 1500 crors is refinanced to Micro and Small Enterprises (MSMEs) under MUDRA scheme through private and public banks. The objective of the study is to analyse the performance of the PMMY scheme in India. The aim of this paper is to focus on progress of PMMY scheme, and performance of the scheme, caste and category, GAGR analysis of the scheme.