ANALYSE THE IMPACT OF PMMY IN FOSTERING BUSINESSES UNDER MSME’S SECTOR.

This paper is about to analyse the impact of PMMY in growth of Micro, Small & Medium Enterprises (MSME). The major objective of this study is to identify the factors that helps in businesses in their growth The main motive behind this study to find out the major impact of Mudra Loan on Micro, Small & Medium Enterprises (MSME). The major traffic jam to the growth of entrepreneurs in the Non-Corporate Small scale industries is the lack of financial support to this sector. Majority of this sector does not have access to formal source of funding. In a Developing country having large population like India, small business units play a significant role not only in contributing to nation income but also by providing employment to a large number of people. After identifying the significance of self-employment people and small business units, government of India launched MUDRA Yojana to deal with the financial and other constraints. It is envisaged that it will benefit small entrepreneurs and will also act as a governing body for Micro-Finance Institutions (MFIs). The researcher has used both primary data for analysis the data. The primary data was collected from Haryana in India. The researcher has collected a sample of 660 MSMEs. The major fostering factors that helps the small businesses in growth are increase in net profit, Increase in net sales, increase in business assets, increase in production and services. [ABSTRACT FROM AUTHOR]