Performance of Pradhan Mantri MUDRA Yojana (PMMY): A Case Study of Haryana

Small enterprises play a key role in the development of developing countries, which are facing a problem of high unemployment. The main problem in the establishment of small enterprises is the scarcity of finance. To promote the small enterprises, government started a scheme known as Pradhan Mantri MUDRA Yojana (PMMY) in April 2015. The study revealed the performance of banks in the sanction of loans under PMMY scheme at districts level as well as category-wise in Haryana state exclusively. To fulfil the objectives of this descriptive cum analytical study required data has been collected from the StateLevel Banker's Committee, Haryana. Results of the study depict that private banks provide more loans under Shishucategory when compared other two categories of MUDRAloans. This is because the loan amounts under Kishore and Taruncategoryare much higher, and therefore, riskier to private banks. Furthermore, the analysis of district-wise performance of the PMMY symbolizes that under Shishucategory, semi urbanized large districts have the highest number of beneficiaries and amount sanctioned. For the Kishore and Tarun categories, most urbanized and thickly populated districts shares for the largest proportions. But the darker side district-wise performance of the PMMY is that rural and backward districts show extremely no contribution in all the categories of PMMY in Harayana This is really a major issue of concern and need immediate attention.