A Descriptive Study on Pradhan Manthri Mudra Yojana (PMMY)
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Abstract
This study examines the role of the Pradhan Mantri Mudra Yojana (PMMY) in improving financial access for micro and small enterprises in India, with a focus on Karnataka. Using secondary data from official PMMY reports and publications, the study reviews the objectives of MUDRA Bank, its product offerings, and its performance across the Shishu, Kishor, and Tarun loan categories. Findings show significant progress in loan sanctions and disbursements during 2023–24 and 2024–25, reflecting the scheme’s growing impact on entrepreneurship, financial inclusion, and MSME sector development. The study concludes that PMMY plays a vital role in supporting micro-enterprises, reducing reliance on informal credit, and contributing to broader economic growth.
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References
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http://www.mudra.org.in/Offerings
Jain, Vineeth., (2016), “Mudra Bank: A Step Towards Financiail Inclusion”, Review of Research International Multidisciplinary Journal, Vol. 5, Issue 4, pp. 1-4