A Critical Review: Pradan Mantri Mudra Yojna- Funding the Unfunded

Abstract

Pradhan Mantri Mudra Yojana is one of the government initiatives under financial inclusion to incorporate the section of the society which still remain untouched or underprivileged. The motive of the scheme is to facilitate funding to unfunded. This is just to cover their credit requisite in due course of time under the aegis of monetary policy and assist small entrepreneurs up to Rs 10 lakh. Government of India has envisaged the idea of funding the micro units which were out of the league by rejuvenating and uplifting the deprived from the critical conditions of financial crisis. This Yojna was declared during the union budget of financial year of 2015-16. This research paper inculcates an overview of PMMY along with state wise performance analysis of financial inclusion till date.