MUDRA-An analytical study of loan disbursement

Abstract

To rejuvenate the small scale industry the Hon’ble Prime Minister Narendra Modi had launched the Micro Units Development and Refinance Agency or MUDRA Bank on 8^Th April 2015 under Jan Dhan Yojana, with an aim to root out financial untouchability by gifting bank accounts to the poor. The government of India has set up MUDRA Bank, as a new institution for development of micro units and refinancing of Micro Finance Institution (MFI) and Self Help Group (SHG)  to accelerate entrepreneurship in India by financing the non-corporate small business sector (NCSBS).  This paper attempts to know the current performance of  Prime Minister Mudra Yojana (PMMY) and  what else can be done further to bring transparency in this yojana so that small, skilled and industrious entrepreneurs of India can be benefitted