Exploring the Preferences of Female Entrepreneurs for MUDRA Yojana: A Statistical Analysis

Abstract

The study examines the preferences of female entrepreneurs for the MUDRA Yojana, a government scheme that supports small and micro-businesses owned by women. The analysis uses statistical tools such as Cross Tabulation and the Chi-Square Test to explore the relationship between MUDRA Yojana awareness and the status of women entrepreneurs in their businesses. The results indicate a preference for the MUDRA Yojana among female entrepreneurs, with statistical significance. Although the study has limitations such as reliance on self-reported data and a cross-sectional design, it provides valuable insights into female entrepreneurs' preferences for government schemes. To enhance understanding and implementation of such schemes, it is important to encourage knowledge exchange and stakeholder participation. The findings emphasize the significance of promoting awareness of financial inclusion through the MUDRA Yojana, which can contribute to policy formulation and women's economic empowerment initiatives. Further research could explore sector-specific preferences and the long-term impact of the MUDRA Yojana on women entrepreneurs' financial inclusion and empowerment, while addressing emerging challenges and opportunities in entrepreneurship.