In April 2015, the Indian government established the ambitious Micro Units Development and Refinance Agency (MUDRA) Scheme. This research paper critically evaluates it. The MUDRA Scheme is crucial to the nation’s economy since it promotes micro-enterprises and financial inclusion. The study examines trends, patterns, and scheme performance using economic theories, empirical data, and policy analysis. The framework, goals, and implementation of the MUDRA Scheme are examined. The study uses reliable secondary data from India Stat, government websites, and scholarly journals. The MUDRA Scheme had a major impact on Shishu, Kishore, and Tarun. Uttar Pradesh continuously leads loan accounts, while Tamil Nadu and Maharashtra lead sanctioned and disbursed sums. Economic activities vary by region, with southern states participating more. It also examines the scheme’s training and employment results, showing success in Uttar Pradesh, Maharashtra, and Tamil Nadu. Politicians, economists, and stakeholders can learn about the MUDRA Scheme’s strengths and weaknesses from the research. This research seeks to optimize and improve the MUDRA Scheme to better achieve national economic goals by examining its intricacies and influence on India’s economy.
Keywords: Micro-enterprises, Regional Disparities, Inclusive Growth, Employment
Neelappa Desai & Navitha Thimmaiah (2023). Analyzing the Dynamics of the Pradhan Mantri Mudra Yojana (PMMY) in India. Review of Economics and Econometrics Studies. 2(2), pp 119-135.