Role of MUDRA Yojana in Promotion of Financial Inclusion in Jharkhand

Abstract

Promotion of financial Inclusion is an important social and financial need of Indian Economy. In order to promote financial inclusion, recently, Govt. of India has launched several schemes like Prathan Mantri Jan Dhan Yojana,Prathan Mantri Jeevan Jyoti Bima Yojana, Prathan Mantri Suraksha Bima Yojana, Prathan Mantri Mudra Yojana, Atal pension Yojana, Varishtha Pension Bima Yojana, Started India schemes , financial Literacy schemes etc. Out of these, Prathan Mantri Mudra Yojana (PMMY) is one of the most important schemes of promotion of financial inclusion in India. Under this scheme, people can take loan up to Rs. 10 lakhs to start their businesses. This paper aims to highlights opportunity, benefits and performance of PMMY in India especially in Jharkhand. Sumit Kumar Gupta | Kedar Nath Matho | Niraj Dhar Dubey"Role of MUDRA Yojana in Promotion of Financial Inclusion in Jharkhand" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-1 | Issue-6 , October 2017, URL: http://www.ijtsrd.com/papers/ijtsrd5791.pdf http://www.ijtsrd.com/management/public-sector-management/5791/role-of-mudra-yojana-in-promotion-of-financial-inclusion-in-jharkhand/sumit-kumar-gupta