Impact of Mudra Yojana on the Economic Development of Poor and Middle-class People in Chhattisgarh State

Author(s)	Firoj Kumar Sonwani
Country	India
Abstract	The Pradhan Mantri Mudra Yojana (PMMY) was introduced by the Government of India in 2015 to provide financial support to micro, small, and medium enterprises (MSMEs) that lack access to traditional banking services. This paper examines the impact of Mudra Yojana on the economic development of poor and middle-class people in Chhattisgarh, a state known for its significant rural population and economic challenges. Utilizing government-published data, field surveys, and case studies, the study evaluates the scheme's effectiveness in promoting financial inclusion, enhancing income levels, and generating employment. The findings indicate a positive impact on financial inclusion and income generation, though challenges related to loan accessibility, utilization, and sustainability persist.
Keywords	Mudra Yojana, Economic Development, Poor and Middle-Class People, Chhattisgarh State
Field	Sociology > Economics
Published In	Volume 6, Issue 4, July-August 2024
Published On	2024-08-17
Cite This	Impact of Mudra Yojana on the Economic Development of Poor and Middle-class People in Chhattisgarh State - Firoj Kumar Sonwani - IJFMR Volume 6, Issue 4, July-August 2024. DOI 10.36948/ijfmr.2024.v06i04.26272
DOI	https://doi.org/10.36948/ijfmr.2024.v06i04.26272
Short DOI	https://doi.org/gt7m4q

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