MUDRA: A Catalyst for Women Entrepreneurs and New Entrepreneurs in India

Small enterprises have a considerable role in sustainable growth and development of an economy of a developing country like ours. Often it is perceived that large industries generate more employment for people but the fact which cannot be denied that in India small industries have employed more people as compared to larger industries. Small industries create employment at large scale for poor, uneducated and semi skilled persons. After the agriculture it is a largest sector in having employment for uneducated and less skilled peoples in India. Despite of these benefits this sector is facing many problems like lack of finance, lack of technology etc. so that government are continuously taking many initiative to promote this sector. Pradhan Mantra MUDRA Yojana (PMMY) is an initiative taken by government to assist small industries and to promote people to be self employed. This research paper analyses the state wise performance of the PMMY in India and also has a little glance on the financial results of MUDRA bank. The purpose of this paper is to check the contribution of PMMY in the raising the new entrepreneurs and towards women entrepreneurs in India.