IMPACT OF THE PRADHAN MANTRI MUDRA YOJANA (PMMY) ON RURAL ENTREPRENEURSHIP DEVELOPMENT

M. Surath Sheba; T. Vasanthi

doi:10.29121/shodhkosh.v5.i5.2024.4351

IMPACT OF THE PRADHAN MANTRI MUDRA YOJANA (PMMY) ON RURAL ENTREPRENEURSHIP DEVELOPMENT

Authors

Dr. M. Surath Sheba Assistant Professor of Economics, Khadir Mohideen College, Adirampattinam – 614 701, Affiliated to Bharathidasan University, Trichy-24, Tamil Nadu, India
Dr. T. Vasanthi Assistant Professor of Economics, Kamaraj College (Autonomous), Thoothukudi - 628 008, Affiliated to Manonmaniam Sundaranar University, Tirunelveli-12, Tamil Nadu, India

DOI:

https://doi.org/10.29121/shodhkosh.v5.i5.2024.4351

Keywords:

Rural Entrepreneurship, Economic Development, Rural Economic Activity, Employment Generation

Abstract [English]

The Pradhan Mantri Mudra Yojana (PMMY) was introduced in 2015 to promote entrepreneurship and self-reliance among small-scale enterprises, particularly in rural India. This study evaluates the scheme’s impact on fostering rural entrepreneurship by analyzing credit accessibility, income generation, and employment creation. Using primary and secondary data from rural beneficiaries in Tamil Nadu, the paper highlights the effectiveness of PMMY in enhancing rural entrepreneurial activities. While the scheme has shown positive outcomes in terms of increased business ventures, challenges such as repayment defaults and lack of financial literacy remain.

References

Ministry of Finance, Government of India. (2023). PMMY Annual Report.

NABARD. (2023). Microfinance and Rural Development.

Reserve Bank of India. (2023). Report on Priority Sector Lending.

Tamil Nadu State Government. (2023). Economic Survey Report.

UNDP. (2022). Financial Inclusion and Entrepreneurship Development.

World Bank. (2023). India: Promoting Inclusive Growth Through Microfinance.

Academic Journals: Journal of Rural Development and Entrepreneurship Studies (2023).

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Published

2024-05-31

How to Cite

Sheba, M. S., & Vasanthi, T. (2024). IMPACT OF THE PRADHAN MANTRI MUDRA YOJANA (PMMY) ON RURAL ENTREPRENEURSHIP DEVELOPMENT. ShodhKosh: Journal of Visual and Performing Arts, 5(5), 640–643. https://doi.org/10.29121/shodhkosh.v5.i5.2024.4351

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Issue

Vol. 5 No. 5 (2024): Volume 5 Issue 5 May 2024

Section

Articles

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