Empowering Women Entrepreneurs: Assessing the Impact of Pradhan Mantri Mudra Yojana (PMMY) - A Case Study

Abstract:

Empowerment of women in the economic sphere has been a key focus of policy initiatives globally. In the Indian state of Bihar, the Pradhan Mantri Mudra Yojana (PMMY) aims to enhance female entrepreneurship through access to credit. This study assesses the effectiveness of the PMMY in empowering women entrepreneurs in Bihar. Drawing on both primary and secondary data, the study employs qualitative and quantitative methods to examine the scheme's impact on women entrepreneurs' financial access, business growth, and economic independence. Key findings include an increase in the number of women-owned businesses, improvements in income levels, and the positive role of training and support services. However, significant barriers such as cultural constraints and market access challenges persist. Recommendations include targeted interventions addressing these barriers to amplify the PMMY's impact on women's entrepreneurship in Bihar.