Page 120 - MUDRA ANUBHAV

CONCLUSION
Pradhan Mantri Mudra Yojana is a pioneer scheme

towards financial inclusion. This scheme could
resolve the issue of economic disparity in a large
country with second highest population in the world
to a large extent. To make this scheme successful,

continuous efforts are made from the Government
of India as well as financial system of the country.
The study revealed that the awareness about the
scheme is high, but the intended impact has not

been created. Majority of the respondents have
shared positive opinions about the documentation
part, but otherwise the scheme has not increased
the ease of doing business. There is a definite scope

for improvement.

To achieve this ambitious goal of empowering the
youth and encouraging entrepreneurship, some
changes are required to be made. Currently the

scheme has not been able to create major economic
impact on the lives of the borrowers. Although
the study was conducted on a limited number of
participants, still the reasons could be assessed as

to why the MUDRA has not been able to create the
intended change.

Also, the partnering financial institutions should
be duly supported and rewarded. No collaterals do

lead to growing NPA, which is a grave matter of
concern. There are some operational challenges as

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