The Pradhan Mantri Mudra Yojana is an initiative by the government to fund micro-enterprises. It was launched in 2015 to give capital without collateral to micro-level businesses and promote their inclusion in mainstream industries. The scheme also tackles problems of informal credit, unemployment and financial exclusion.Â
This paper analyses the Mudra Scheme and its progress over the last seven years. It will also decode the overall as well as specific performance analysis and highlight the areas lacking the scheme. Lastly, the paper will throw light on how the Mudra scheme can be improved.