Performance of Pradhan Mantri Mudra Yojana in Bihar - An Appraisal

Ritesh  Ranjan; Anil Kumar  Gope

doi:10.21844/crr.v1i02.1110

Ritesh Ranjan Research Scholar, Department of Commerce, Jai Prakash University, Chapra, Bihar
Anil Kumar Gope Assistant Professor, Department of Commerce Jai Prakash University, Chapra, Bihar

DOI: https://doi.org/10.21844/crr.v1i02.1110

Keywords: MUDRA, Entrepreneurship, Shishu, Kishor, Tarun, Economic Development, Bihar

Abstract

The government of India launched the Pradhan Mantri Mudra Yojana (PMMY), a flagship program, to support small and microbusinesses financially so they can obtain finance for expansion and development. The purpose of this study is to assess the Pradhan Mantri MUDRA Yojana's (PMMY) efficacy in the state of Bihar. The research aims to delve into the diverse range of financial instruments provided by PMMY and assess their feasibility and viability within the unique socio-economic landscape of Bihar. Through an in-depth analysis of existing data, encompassing factors like loan disbursement, business expansion, employment generation, and economic impact, this research seeks to offer a comprehensive understanding of PMMY's outcomes, ensuring it informs policymakers, financial institutions, and stakeholders for the betterment of entrepreneurial development in Bihar and beyond.