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Title: CAPITAL FINANCING AND RE-VITALIZATION OF MICRO ENTREPRENEURSHIP: A PERFORMANCE APPRAISAL OF PRADHAN MANTRI MUDRA YOJANA (PMMY)
Authors: Dr. REMYAKRISHNAN R.
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Dr. REMYAKRISHNAN R. Assistant Professor, Department of Economics, NSS College, Pandalam, Pathanamthitta, Kerala
MLA 8 R, Dr. REMYAKRISHNAN. "CAPITAL FINANCING AND RE-VITALIZATION OF MICRO ENTREPRENEURSHIP: A PERFORMANCE APPRAISAL OF PRADHAN MANTRI MUDRA YOJANA (PMMY)." Int. j. of Social Science and Economic Research, vol. 8, no. 12, Dec. 2023, pp. 3740-3750, doi.org/10.46609/IJSSER.2023.v08i12.001. Accessed Dec. 2023. APA 6 R, D. (2023, December). CAPITAL FINANCING AND RE-VITALIZATION OF MICRO ENTREPRENEURSHIP: A PERFORMANCE APPRAISAL OF PRADHAN MANTRI MUDRA YOJANA (PMMY). Int. j. of Social Science and Economic Research, 8(12), 3740-3750. Retrieved from https://doi.org/10.46609/IJSSER.2023.v08i12.001 Chicago R, Dr. REMYAKRISHNAN. "CAPITAL FINANCING AND RE-VITALIZATION OF MICRO ENTREPRENEURSHIP: A PERFORMANCE APPRAISAL OF PRADHAN MANTRI MUDRA YOJANA (PMMY)." Int. j. of Social Science and Economic Research 8, no. 12 (December 2023), 3740-3750. Accessed December, 2023. https://doi.org/10.46609/IJSSER.2023.v08i12.001.
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ABSTRACT: Rejuvenation of small and micro business units is a quintessential requirement for meeting the macro-economic goals of employment generation, financial inclusiveness and importantly the recovery of economic growth after economic slowdown spurred out of the pandemic. As per the study report published by Asian Development Bank Institute (2016), 78% of the finance used by MSMEs is carried out through informal sources and self-finance. Identifying the high degree of dependence of micro entrepreneurs especially in the rural India on informal financing avenues, the central Government of India officially launched the Pradhan Mantri MUDRA Yojana (PMMY) in 2015 with a vision to strengthen the institutional finance framework for ensuring the sustainability of entrepreneurial activities. The present paper is an attempt to bring out the progress assessment of PMMY scheme over the past five years across India. The analysis of different loan categories of schemes is done in order to understand the specific implications on the needs of the micro enterprises. The region wise analysis of the scheme with respect to the loan disbursement reveals that Southern region perform better over the past five years. The paper also throws light on the impact of PMMY in bridging the gender divide in the MSME sector by focusing on the utilization trends among women entrepreneurs regarding the Shishu, Kishore, and Tarun sub schemes under PMMY.

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