"STRATEGIC IMPERATIVES AND OPERATIONAL DYNAMICS: UNRAVELING THE EFFECTIVENESS OF THE PRADHAN MANTRI MUDRA YOJANA AND CREDIT GUARANTEE SCHEME IN INDIA"

Abstract

The success of the PMMY in the states of southern India is discussed in detail in this report. Secondary sources are analyzed to determine performance. India is home to the world's largest middle class, with the vast majority of its citizens working in agriculture and local commerce. More than 80% of the people in agricultural and small-scale businesses is estimated to rely on money lenders for their financial needs. Some efforts to help the poor grow include PMMY and Credit Guarantee Scheme. There is obviously a lot of room for growth and development in this business units. Since commercial banks are naturally hesitant to give credit to such units, it is crucial for the government to identify ways to bridge the financing gap for the smaller firms. The Government of India launched various schemes to provide financial help to MSME's, which employ a large number of people among the Youths. This was done when it became clear that the social sector, self-employment, and small-scale business units were critically important. In this research, we make an effort to examine PMMY's and performance of Credit Guarantee Scheme.