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Paper Title: A STUDY ON ROLES AND RESPONSIBILITY OF THE MUDRA YOJANA AND ITS IMPACT ASSESSMENT
Authors Name: Mr A.ABDUL KHADAR , Dr.A. ABDHUL RAHIM
Unique Id: IJRTI1809022
Published In: Volume 3 Issue 9, September-2018
Abstract: Pradhan Mantri Mudra Yojana, under the Micro Units Development and Refinance Agency(MUDRA) Bank, is a new institution being set up by Government of India for development and refinancing activities relating to micro units. It was announced by the Finance Minister while presenting the Union Budget for FY 2015-2016. The purpose of MUDRA is to provide funding to the non-corporate small business sector. Loans worth about Rs 1 lakh crore have been sanctioned to small entrepreneurs under the Pradhan Mantri MUDRA Yojana, Prime Minister Narendra Modi said that the government wants youth to be job creators and not job seekers. Under the scheme, Pradhan Mantri Mudra Yojana three categories of interventions has been named which includes.Prime Minister Modi, in a recent interview, indicated that his focus was to create a third sector—the personal sector—other than farms and factories wherein a person turns into a job provider through entrepreneurship rather than a job-seeker in the other two sectors. This statement assumes significance as it has many policy implications for the next few years.The government should measure the success or failure of its interventions including Mudra Yojana by the extent of reduction in informal employment, the rise in formal employment and the extent of mobility of firms to medium and large sizes.
Keywords: Keywords: MSME (Micro Small Medium Enterprise), NABARD, NFBC, SME, OAE (Own Account Enterprise).
Cite Article: "A STUDY ON ROLES AND RESPONSIBILITY OF THE MUDRA YOJANA AND ITS IMPACT ASSESSMENT", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.3, Issue 9, page no.131 - 135, September-2018, Available :http://www.ijrti.org/papers/IJRTI1809022.pdf
Downloads: 000672
Publication Details: Published Paper ID: IJRTI1809022
Registration ID:180477
Published In: Volume 3 Issue 9, September-2018
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ISSN Number: 2456 - 3315
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