International Journal of Commerce and Economics

authors
Dr. Lakhan B Ingle

abstract
Pradhan Mantri Mudra Yojana (PMMY) under the Micro Units Development & Refinance Agency (MUDRA) Bank, is a new institution being set up by Government of India for development and refinancing activities relating to micro units. It was announced by the Finance Minister while presenting the Union Budget for Finance Year 2015-16. Purpose of MUDRA is to provide funding to the non-corporate small business sector. The government should measure the success or failure of its interventions including Mudra Yojana by the extent of reduction in informal employment, the rise in formal employment and the extent of mobility of firms to medium and large sizes. The paper throws light on SWOT and performance of (PMMY) Scheme in India. The analysis of different categories of schemes is done through trend forecasting. The analysis reveals that people are getting encouraged to develop entrepreneurship by taking initiative to start their own work. it reveals that performance of MUDRA yojana is successful under Shishu, Kishor and Tarun Categories.