Micro Small and Medium Enterprises sector shows a vibrant and dynamic growth over last five decades in India. This sector is highly important for developing countries like India, mainly because it provides huge employment opportunities at a lower capital cost and play a leading role in the industrialization of rural backward areas of the country thus it improves the standard of living of the rural people and give a way to the inclusive growth. In order to boost this needed sector Government of India open up a new avenue of micro credit to bridge the gap of capital starvation and institutional finance. It was in 8th April 2015, our Honorable Prime Minister Sri NarendraModi launched a new and innovative institution MUDRA (Micro Units Development and Refinance Agency) with a mandate of ‘fund the unfunded’. It was a great step by the government to stabilize and grow its rural industrial sector. This study is an attempt to understand the scheme MUDRA, know its need to the country and to measure its performance for the year 2015–16. This study is descriptive in nature and analyses secondary data collected from various reports published related to MUDRA.
Msme, Mudra, Need, Performance, Pmmy
