Volume 18, No. 6, 2021
Analysing The Success Of Pradhan Mantri Mudra Yojana In Haryana
Manjeet , Dr. Nipun Aggarwal
Abstract
Pradhan Mantri Mudra Yojna is a vital initiative taken by the union ministry of finance to fund the unfunded. Mudra Yojna was mainly launched for the development of the unorganized and informal sector and involving them in the financial mainstream. The present study is the secondary data-based research work in which an attempt was made to identify the bank-wise and District-wise progress of loan disbursement under Pradhan Mantri Mudra Yojna in Haryana. For this purpose, data has been collected from State Level Banking Committee(SLBC) Haryana. In addition to this comparison, the loan disbursed amount in Public and Private sector Banks in Haryana was also studied. The analysis of data has been doing with the help of an independent T-test in SPSS and the percentage method in MSEXCEL. This paper concluded that private sector banks were providing more loans in the Shishu category while public sector banks are providing more loans in Kishore and Tarun loan category. Private banks mainly followed a safe play approach in loan disbursement in the Shishu category as there is no collateral requirement under the scheme. Mudra scheme will act as a game-changer in the development of micro and small scale industries in India. The scope of the study is to help the Policymakers, beneficiaries and financial institutions to analysed the growth of Mudra Yojna in Haryana
Pages: 405-416
Keywords: Financial Inclusion, Govt.Scheme Micro Industries, Micro Entrepreneur, MUDRA Loan scheme, MSME, PMMY