A Study on PMMY Scheme for Socio Economic Sustainability

Registration ID: IJNRD_301774

Published ID: IJNRD2411058

: http://doi.one/10.1729/Journal.42182

Y S IRINE JIJI, ARCH DAVID B I

Pradhan Mantri Mudra Yojana, socio-economic sustainability, financial inclusion, entrepreneurship, MSMEs, poverty alleviation, financial literacy, job creation, women empowerment, policy recommendations.

The Pradhan Mantri Mudra Yojana (PMMY), launched by the Government of India in 2015, aims to provide financial assistance to micro, small, and medium enterprises (MSMEs) as well as individuals involved in income-generating activities. This study explores the socio-economic effects of PMMY, focusing on its role in fostering financial inclusion, promoting entrepreneurship, and alleviating poverty. Using a mixed-methods approach, the research evaluates how effectively PMMY loans have improved access to credit, enhanced livelihood opportunities, and encouraged self-sufficiency, especially among marginalized groups. It also examines the scheme’s impact on job creation, empowering women, and addressing regional economic disparities. The results indicate that while PMMY has made notable progress in advancing economic empowerment, challenges like a lack of financial literacy and awareness among beneficiaries still exist. The study concludes with recommendations for policy improvements to enhance the scheme’s long-term impact on socio-economic sustainability.

Published Paper   E-Certificate

Y S IRINE JIJI & ARCH DAVID B I (November-2024). A Study on PMMY Scheme for Socio Economic Sustainability. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(11), a535-a542. http://doi.one/10.1729/Journal.42182

Volume 9 Issue 11, November-2024

Pages : a535-a542

Paper Reg. ID: IJNRD_301774

Published Paper Id: IJNRD2411058

Downloads: 000122008

Research Area: Social Science All

Author Type: Indian Author

Country: COIMBATORE, TAMILNADU, India

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Crossref DOI: http://doi.one/10.1729/Journal.42182

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