Assessing the Impact of the Pradhan Mantri Mudra Yojana (PMMY) on Micro-Entrepreneurship Development in Assam: Opportunities, Challenges, and Policy Implications

Author(s)	Mr. anubhav borgohain, Jyotika Teckchandani
Country	India
Abstract	This study evaluates the influence of the Pradhan Mantri Mudra Yojana (PMMY) on the growth and development of micro-entrepreneurship in Assam, a state with significant potential for inclusive economic development. Launched in 2015, PMMY aims to provide collateral-free institutional credit to micro and small enterprises, thereby promoting self-employment and entrepreneurship across India. This article investigates how the scheme has been implemented in Assam, the nature of enterprises supported, and the socio-economic outcomes realized. Drawing from primary data and secondary sources, the article identifies key opportunities provided by the scheme, such as financial inclusion and women empowerment. It also discusses persistent challenges like low repayment capacity, lack of financial literacy, and inadequate post-loan support. The article concludes with policy recommendations to enhance the effectiveness of PMMY in promoting sustainable micro-entrepreneurship in the state.
Keywords	PMMY, Micro-Entrepreneurship, Assam, Financial Inclusion, Women Empowerment, Collateral-Free Loans, Policy Challenges, Livelihood Development
Field	Arts
Published In	Volume 7, Issue 2, March-April 2025
Published On	2025-04-16
DOI	https://doi.org/10.36948/ijfmr.2025.v07i02.41591
Short DOI	https://doi.org/g9f4sh

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International Journal For Multidisciplinary Research