Performance Evaluation Of Government Schemes For Financial Inclusion Of Rural People: A Study Of PMMY Scheme

Abstract

The main aim of this study is to examine the performance of government schemes for financial inclusion of rural people. For this secondary data have been collected from various secondary sources like annual report of PMMY Schemes, Government report etc. the study reveals that, Pradhan Mantri Mudra Yojana (PMMY) is a scheme initiated by Government of India to provide loans up to Rs. 10 lakh to non-corporate, non-farm small/ micro enterprises. Under PMMY, people involved in non-farm activities can avail loans up to Rs. 10 lakh. The loans are offered under Mudra scheme by Private Sector Banks, Non-Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs), Public Sector Banks, Regional Rural Banks (RRBs), State and Urban Co-operative Banks and Foreign Banks.