A Study of Pradhan Mantri Mudra Yojana with Special Reference to Micro Finance Provided to The Beneficiaries in Thane District

Abstract

newline The primary objective of the MUDRA Yojana is to provide funding to those who are currently underserved. This scheme has been designed to aid entrepreneurs, particularly in the Micro, Small, and Medium Enterprises sector. The MUDRA Scheme facilitates easy access to loans at reasonable interest rates with minimal documentation requirements. By reaching out to small-scale entrepreneurs who are not part of the mainstream banking system, MUDRA instills confidence and encourages the growth of business activities. Additionally, this scheme inspires young, educated, and skilled individuals to venture into entrepreneurship and expand their business endeavors.