The Influence of the Pradhan Mantri Mudra Yojana on Micro and Small Enterprises Run by Women in India
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The Influence of the Pradhan Mantri Mudra Yojana on Micro and Small Enterprises Run by Women in India
Chandan Kumar Yadav
Research Scholar
P.G. Department of Commerce
Jai Prakash University, Chapra, Bihar
Email: chandan002015@gmail.com
ABSTRACT
Launched in April 2015, the Pradhan Mantri Mudra Yojana (PMMY) has been instrumental in empowering women entrepreneurs, micro and small enterprises across India. This study evaluates PMMY’s impact on their economic growth and the programme’s broader socio-economic benefits. Employing a descriptive research design, it draws on secondary data from the All-India Report of the Sixth Economic Census, examining variables such as enterprise size, sector, and geographic location. Findings show that PMMY has sanction amount Rs.225,887.08 crore through roughly 42 million accounts, substantially enhancing women’s access to capital. Yet an outstanding balance of amount Rs.184,849.51 crore highlights challenges in loan repayment, underscoring the need for improved financial management and support. Most women entrepreneurs operate as sole proprietors or with minimal staff, suggesting significant potential for business expansion and job creation. State-wise, Tamil Nadu, Kerala, Andhra Pradesh, West Bengal, and Maharashtra emerge as leaders in women’s entrepreneurship, reflecting varied regional support systems. In conclusion, while PMMY has driven notable advances in women’s economic participation, targeted measures to improve loan recovery and foster enterprise scaling remain essential.
Keywords: Women- entrepreneurs, micro and small enterprises, Economic development, Socioeconomic advantage and Descriptive research design.
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