Page 31 - MUDRA ANUBHAV

microfinance and has helped weaker sections and
low-income groups in their funding requirements.
They suggested that efforts must be made to

increase the number of loan sanctions and proper
implementation of the scheme.

Lall (2018) studied the performance of MUDRA in
the state of Uttarakhand. The study showed that

demonetization and GST had negatively affected the
pace of the entrepreneurial activities and the state
which has caused a drop in the number of loan
sanctions under MUDRA. The initiatives of the state

government for organizing camps and awareness
programs for the effective implementation of the
programs have been appreciated in the study.

Ibrahim P. A (2018) studied the performance of

MUDRA Yojana and found that there is a need to
have more specialised financial institutions for
serving the credit needs of the micro enterprises
including SMEs. The government initiative to

support micro enterprises by providing financial
support through MUDRA Yojana is a fruitful
venture. The growth rate of accounts opening and
credit disbursement in various MUDRA Schemes

shows progressive trends. The reach of the scheme
is widely among marginalised segments, 73.41% of
account holders are women and 25.16% are new
entrepreneurs. However, the northern states of

India registered comparatively lesser participation

17