Vol. 5, Issue 1, Part C (2019)

Abstract
Pradhan Mantri Mudra Yojana has been started on 8th April 2015.Under the Micro Units Development and Refinance Agency (MUDRA) by the Bank. Whose main goal is to grow Micro and Small Enterprises as well as to raise the standard of living of the people. Under the PMMY, 3 types of loans are given from the bank such as Shishu, Kishor, Tarun, where Loan up to 10 lakh can be availed in Tarun category. In terms of performance, Tamil Nadu, Uttar Pradesh and Karnataka these are the top 3 states of India. To carry out the Scheme, the government has established a new organisation called MUDRA (Micro Units Development & Refinance Agency Limited), which would be responsible for the development and refinancing of micro units as well as serving as a micro finance sector in general. MUDRA offers refinancing to all banks that are looking to refinance small firm loans made under the PMMY programme. This study focused on the overview of Mudra Yojana, including the schemes offered by Mudra and overall performance PMMY. The data in this research work has been collected from secondary sources such as various journals, articles and MUDRA websites.