An Analysis of the Pradhan Mantri Mudra Yojana Footprint. A Case Study of Mizoram

Year : 2025 | Volume : 15 | Issue : 02 | Page : 7 18
    By

    Abhishek Prasad,

  • Amit Kumar,

  • Bidhu Kanti Das,

  1. Assistant Professor, Department of Management, Rajiv Gandhi University (A Central University), Rono Hills, Doimukh, Arunachal Pradesh, India
  2. Assistant Professor,, Arunachal Institute of Tribal Studies, Rajiv Gandhi University (A Central University), Rono Hills, Doimukh, Arunachal Pradesh, India
  3. Associate Professor, Department of Management, Mizoram University, Aizawl, Mizoram, India

Abstract

The goal of self-reliant India aka ‘Atmanirbhar Bharat’ can be achieved when all of its citizens are self-reliant. The Pradhan Mantri Mudra Yojana is a program designed to promote entrepreneurship through the provision of microfinancing. This initiative aims to empower individual citizens to become financially independent, which in turn supports the nation’s overall economic self-sufficiency and aligns with the ‘Atmanirbhar Bharat’ vision. Since the launch of PMMY in 2015, there are little to almost no research study done on the performance and status of the PMMY in Mizoram. The objective of this study is to bridge this knowledge gap, collect, and analyze the PMMY scheme performance in Mizoram from its launch to the year 2022. Through this study it has been found that the amount of loans sanctioned has seen a gradual increase year on year up to the end of the financial year 2019-20. It is important to note that the loans sanctioned amount and the number of beneficiaries have seen a steep decline since the starting of the financial year 2020. The drop is due to the global COVID-19 pandemic, which greatly affected economic activities and loan distribution. Despite this, the PMMY scheme remains strong and still helps promote self-employment and entrepreneurship in Mizoram. This study is needed to fully understand how the pandemic has affected the scheme over time and to create plans for its recovery and growth in the future. Furthermore, this research emphasizes the importance of ongoing monitoring and analysis of the PMMY scheme in Mizoram to inform future policy decisions and adaptations, particularly in the post-pandemic recovery phase.

Keywords: PMMY, Mudra, Loans, Northeast India, Mizoram.

[This article belongs to OmniScience: A Multi-disciplinary Journal ]

How to cite this article:
Abhishek Prasad, Amit Kumar, Bidhu Kanti Das. An Analysis of the Pradhan Mantri Mudra Yojana Footprint. A Case Study of Mizoram. OmniScience: A Multi-disciplinary Journal. 2025; 15(02):7-18.
How to cite this URL:
Abhishek Prasad, Amit Kumar, Bidhu Kanti Das. An Analysis of the Pradhan Mantri Mudra Yojana Footprint. A Case Study of Mizoram. OmniScience: A Multi-disciplinary Journal. 2025; 15(02):7-18. Available from: https://journals.stmjournals.com/osmj/article=2025/view=214884


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Regular Issue Subscription Original Research
Volume 15
Issue 02
Received 21/03/2025
Accepted 03/05/2025
Published 26/06/2025
Publication Time 97 Days
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