Impact of Pradhan Mantri MUDRA Yojana in India

Vol-4 | Issue-04 | April 2019 | Published Online: 15 April 2019    PDF ( 201 KB )
DOI: https://doi.org/10.5281/zenodo.2641402
Author(s)
Aashka Shah 1; Asmita Mali 2

1Assistant Professor, Parul University, Vadodara, Gujarat (India)

2Assistant Professor, Parul University, Vadodara, Gujarat (India)

Abstract

There are many financial inclusions introduced by Government of India (GOI), but one of the most popular one is Pradhan Mantri MUDRA Yojana. PMMY has been started by government of India (GOI) for encouraging and uplifting new entrepreneurship in India. It is a non-banking financial institution by GOI. It provides loans upto Rs.10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. MUDRA loans play a major role in success of new enterprises. Key Words : Government of India (GOI), MUDRA loan, Small/ Micro finance, Non-Banking financial Institution.

Keywords
Government of India (GOI), MUDRA loan, Small/ Micro finance, Non-Banking financial Institution
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