Evaluating the Financial Impact of Mudra Yojana: A Descriptive Analysis

The present paper delves into the Pradhan Mantri Mudra Yojana (PMMY), a pivotal financial tool designed to empower micro-entrepreneurs across India and promote equitable economic growth.This detailed assessment spans the fiscal years 2015-16 to 2022-23, thoroughly examining its performance.The plan has witnessed a significant increase in sanctioned loans, with 62.31 million granted in 2022-23, underscoring its growing importance in fostering entrepreneurial activity.The disbursed amounts surged from INR 1,32,954.73crores to INR 4,50,423.66crores, while sanctioned amounts rose from INR 1,37,449.27crores to INR 4,56,537.98crores within the same period. Geographical analysis highlights concentrations of Mudra Yojana in specific regions, prompting deeper investigation into the underlying factors. Sectoral analysis reveals varied impacts on different industries, with emerging dynamic patterns.Qualitative assessments showcase success stories, such as revenue growth, job creation, and business expansion, while also addressing implementation challenges and deviations from objectives.Ultimately, this study provides valuable insights into PMMY's success, contributing to discussions on financial inclusion and microfinance.The findings offer a foundation for informed policy decisions and strategic adjustments, promoting equitable economic growth and the ongoing empowerment of micro-entrepreneurs in India.