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Empowering MSMEs in Maharashtra: A Study on the Impact of Pradhan Mantri Mudra Yojana

Year: 2025

Type: article

Abstract: The Micro, Small, and Medium Enterprises (MSMEs) sector plays a critical role in the economic development of India, contributing significantly to GDP, employment, and exports. However, these enterprises face challenges such as lack of access to finance, high-interest rates, and insufficient working capital. The Government of India launched the Pradhan Mantri Mudra Yojana (PMMY) in 2015 to address these issues by providing financial support to MSMEs, particularly in the informal sector. This research paper examines the various Mudra schemes, their benefits, and how they have impacted the financial health of MSMEs in Maharashtra. The paper explores the different categories of Mudra loans, the eligibility criteria, the disbursement process, and the challenges faced by MSMEs in accessing these funds. Additionally, it investigates the role of Mudra schemes in enhancing the financial stability, growth, and sustainability of MSMEs in Maharashtra, and recommends policy measures to maximize their impact.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.15501851

Authors: Ms. Mangal Laxman Bainade, Dr. Archana Jayant Mali- Jagtap

Language: English

Topic: Microfinance and Financial Inclusion

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure, No poverty

Open Access status: green

OpenAlex ID: W6968197342

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