Impact of Mudra Yojana on Micro Enterprises- a Study on Coimbatore based Micro units

Abstract

Worldwide, the Micro, Small and Medium Enterprises (MSMEs) have been accepted as the engine of economic growth and for promoting equitable Development. The major advantage of the sector is its employment potential at low capital cost. The labour intensity of this sector is much higher than that of the large enterprises. It is a nursery of entrepreneurship, often driven by individual creativity and innovation. Instead of depending on others depending on one own self will eradicate unemployment and create a multiple route to create a bright future thus contributing to the economic development.  A major issue which runs in the mind of people in becoming entrepreneurs is the fund and to remove the barriers of mobilising the required funds for these MSME units many schemes are being promoted and one such is Pradhan Mantri Mudra Yojana (PMMY). This paper examines the Impact of MUDRA YOJANA on Micro Enterprises- A Study on Coimbatore based Micro units.