MUDRA Yojana: Its Awareness Level And Problems Faced By Mudra Beneficiaries In Haryana State

Abstract

Small and micro businesses in India play a big part in the country's economy. In order to achieve the national objective of financial inclusion and the creation of major ties in employment between urban and rural areas across the nation, this sector is absolutely essential. The Indian government launched the Mudra Yojana to promote financial inclusion. Young, educated, and skilled workers will feel more confident as a result, and they will be motivated to start their own unorganized businesses or to extend the operations of currently operating ones. This paper discussed the significance of spreading knowledge on financial inclusions via Mudra Yojana. The major goals of the Mudra Yojana are to encourage small businesses and entrepreneurs to grow their operations and to raise awareness of the challenges that entrepreneurs experience when trying to obtain bank loans, minimize excessive incompetence, and establish a structured system of credit.