Growth of Pradhan Mantri Mudra Yojna (Pmmy) in Haryana State
Rupesh Roshan Singh1, Anita Bindal2
1Dr. Rupesh Roshan Singh, Associate Professor, Mittal School of Business,Lovely Professional University, Jalandhar (Punjab) India.
2Anita Bindal,Ph.D. Research Scholar, Mittal School of Business, Lovely Professional University, Jalandhar (Punjab) India.
Manuscript received on September 16, 2019. | Revised Manuscript received on 24 September, 2019. | Manuscript published on October 10, 2019. | PP: 2957-2960 | Volume-8 Issue-12, October 2019. | Retrieval Number: K19390981119/2019©BEIESP | DOI: 10.35940/ijitee.K1939.1081219
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Small scale businesses are the source of livelihood for people in India. People depend upon organised as well as unorganised sector for their loan, but most of the businesses depend upon unorganised sector loan. The unorganised sector loan is very unplanned and creating problem for poor people to fall in debts. For developing countries like India the unorganised sector plays a important role for developing businesses. In 2015 government of India launched Pradhan Mantri Mudra Yojna known as Mudra for developing micro and small enterprises. Pradhan Mantri Mudra Yojna is providing financial support and important schemes of financial inclusion. Under this inclusive scheme, one can take loan upto Rs.10 lakh to in initiate their business. This paper highlights on the development of Mudra yojna in Haryana state for developing small and medium enterprises also focuses on product offered by banks to enterprises for developing weaker sections of the society especially priority sector.
Keywords: Pradhan Mantri Mudra Yojna, MUDRA Bank, Micro Small and Medium Enterprises, Gross Domestic Product Self Help Group Micro Unit Development and Refinance Agency Micro Finance Institution.
Scope of the Article: Social Sciences