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Chapter No. 1


                            Introduction to PMMY

            Financial Inclusion has been a much felt  need
            in India for a very long time. A nation with huge
            diversity in culture, religion and practices has also

            experienced the  disparity  in  Income  since  ages.
            During  British  rule  of  year  1858- 1947, Indians
            were  oppressed and exploited.  A  nation  where
            Entrepreneurship has been encouraged since the

            time of Vedas, more and more citizens looked for
            employment  and were  not courageous enough to
            transform  their  ideas  into  ventures.  One  definite
            reason behind such hesitation  was  the security,

            stability and comfort that comes with employment,
            but numerous people in India today, do not take
            a step to start their own businesses due to lack of
            financial support.


            India is a country of ambitious people, which
            has created business empires like Tata, Reliance,
            Adani, Mittal groups, Infosys et cetera. In the year
            2020-21, India has seen many companies arrive at
            a valuation of more than 1 billion USD and become
            Unicorn.  Few  of  these  names  are  Digit,  Groww,
            Meesho,  Urbancompany,  Pharmeasy  and  many
            more.  It  is estimated that India will  have more
            than 100 homegrown  unicorns by  end of  2022.

            Now this hints towards a bright future for Indian
            entrepreneurial scene.


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