A Study on the Knowledge and Performance of the Mudra Yojana in the Haryana Region

Abstract

In the context of economic policy, the term “financial inclusion” refers to the process of making financial services and products available to all members of society, particularly those who are economically disadvantaged. The goal of achieving financial inclusion is to make sure that everyone has access to bank services such as payment, deposit, credit, money transfer, insurance and other related services. Inclusion in the financial society is often seen as an essential component for the development of societies. The Indian government has taken a step toward achieving its goal of achieving financial inclusion via the Mudra Yojna. This study is an effort to investigate how people in Haryana make use of the mudra Yojna program. Using secondary data, a study was conducted to determine the number of people who took use of the Mudra Yojna facility during the years 2016-2017 and 2017-2018 with regard to Shishu loans, Kishore loans and Tarun loans, as well as the amounts that were sanctioned and disbursed. It has been found that use has risen in the years 2017 and 2018, indicating that people are not only aware of the scheme’s availability but are also using it to meet their company’s needs, whether they are starting out or expanding.