MUDRA Loan Scheme: A Comprehensive Review of Its Impact on MSMEs and Economic Inclusion
Abstract
The MUDRA Loan Scheme is very vital for the vision of India in supporting its micro and small enterprises (MSME) sector, particularly among Scheduled Castes, Scheduled Tribes, Other Backward Classes, and women. Access to affordable, collateral-free credit empowers these communities to start up and expand their businesses in a manner that supports economic inclusion and fosters self-reliance. It has at the top of things, empowered women entrepreneurs, allowing them to achieve financial autonomy, while having a substantial impact on the local economy. Some challenges being faced by this scheme are rising NPAs, low outreach in rural areas, and inferior financial education among customers. Therefore, financial literacy, along with the strengthening of the banking infrastructure in rural regions, addressing repayment challenges, are the required prongs to help in improving the long-term sustainability and effectiveness of MUDRA Loans as a tool for inclusive economic growth. Development of such strategies would ensure that the scheme makes optimal use of the system and empowers marginal communities toward an equity-inscribed prosperous economic landscape for India
References
Shashank BS, Mayya S. An Analysis of Pan-India Financial Intermediation Accomplished through the Implementation of Pradhan Mantri Mudra Yojana (PMMY)-Literature Review. International Journal of Case Studies in Business, IT and Education (IJCSBE). 2022 Aug 30;6(2):141–73.
Pai R. A Systematic Review of Issues and Challenges Associated with Women Entrepreneurs. International Journal of Management, Technology and Social Sciences (IJMTS). 2022 Nov 11;7(2):548–71.
DH G, BP DV. Problems and prospects of Micro finance and Women Empowerment in Karnataka–An overview. IJRAR-International Journal of Research and Analytical Reviews (IJRAR), E-ISSN. 2020:2348–1269.
Yameen J, Kijkasiwat P, Hussain A, Farooq MA, Ajmal T. Green finance in banking industry: a systematic literature review. SN Business & Economics. 2024 Jul 22;4(8):91.
Woode JK. Green finance and green growth: A systematic literature review on awareness, existing channels, instruments, and techniques. Development and Sustainability in Economics and Finance. 2024 Jul 8:100004.
Kumar MS, Vennila M, Lad YA, Mahera AB. Funding Options for Agricultural Start-Ups in India-Challenges and Opportunities. Asian Journal of Agricultural Extension, Economics & Sociology. 2022 Nov 28;40(11):616–27.
Sen A, Malliga AL, Mathews SB. Empowering Women in Entrepreneurship: A Systematic Literature Analysis of Challenges and Economic Progress. Anticipating Future Business Trends: Navigating Artificial Intelligence Innovations: Volume 1. 2024 Aug 28:493–9.
Pareek S, Bhatnagar V, Poonia RC, Sharma S, Samanta D. A Review on Rural Women’s Entrepreneurship Using Machine Learning Models. InInternational Conference on Innovations in Computational Intelligence and Computer Vision 2022 Nov 24 (pp. 375–395). Singapore: Springer Nature Singapore.
Singh UK. Implementation of Sustainable Development Goals in India: Progress and Challenges. Regional Dimensions of Human Development in India and South Africa: Through Sustainable Development Goals. 2024 Jul 29:39–91.
Poornima S. Challenges and Opportunities of Women Entrepreneurs-With Special Reference to MSMES in the State of Karnataka. International Journal of Engineering and Management Research. 2024 Aug 31;14(4):100–11.
Afari-Sefa V, Chauhan DK, Raj S, Cheriyan B, Katta SK, Shastri K, Mathur H, Srinivasulu M, Bhimala D, Gandla J, Reddy G. Roundtable discussion report Inclusive Agripreneurship: Challenges & Opportunities.
Rani VS, Sundaram N. Financial inclusion on women entrepreneurs-review. International Journal of Enterprise Network Management. 2024;15(1):17–31.
Hibban M. Innovation management among the Indian small and medium-sized enterprises focusing on artificial intelligence: Opportunities and the way forward. Indian Journal of Commerce and Management Studies. 2024 May 23;15(2):10–7.
Abrar ul Haq M, Victor S, Akram F. Exploring the motives and success factors behind female entrepreneurs in India. Quality & Quantity. 2021 Jun;55:1105–32.
Published
How to Cite
Issue
Section
License
International Journals Publisher
Journal – Copyright Transfer Form
In consideration of publication in the ‘JOURNAL’___________________________________________
Of the article entitled ‘Article Title’________________________________________________
Corresponding Author’s Information:
Name:
E-mail:
Contact Number:
I herein assign Journals Pub full copyright in all forms in the above mentioned contribution/article, including any supplementary material that we may author in support to the contribution. The copyright transfer covers exclusive rights to reproduce and distribute the contribution, including reprints, translations, photographic reproductions, microform, electronic form (offline, online), or any other reproductions of similar nature.
I/we declare that the above said contribution is not published anywhere either in parts or in whole except in the abstract form, in any journal or magazine for private and public circulation, and is not under consideration for publication elsewhere.
I/we warrant that the contribution is original and except the reference to the copyrighted work of the experts and is included only after the permission of the copyright holder, it does not contain any libelous statement that infringe any patent, copyright, trade mark, statuary right and property right of others.
I/we will not publish the above said contribution anywhere else without prior written permission of the publisher.
I/we also agree that the authorship of the article belong to the above mention author/authors.
Comments to the editors can be mentioned here
________________________________________________________________________________
Journal – Copyright Transfer Form
|
Author Names |
Author Signatures |
|
|
1) |
___________________________ |
___________________________ |
|
2) |
___________________________ |
___________________________ |
|
3) |
___________________________ |
___________________________ |
|
4) |
____________________________ |
____________________________ |
India Liaisoning Office: Office No-4, 1 Floor, CSC, Pocket-E, Mayur Vihar, Phase-2, New Delhi-110091 India
E: [email protected] || W: www.journalspub.com || T: +91 120 4347644 || M: 08130806555
