Abstract:
Financial inclusion plays a crucial role in achieving the Sustainable Development
Goals (SDGs) 2030 by promoting poverty eradication, sustainable agriculture,
economic empowerment, growth, innovation, infrastructure, and reducing
inequalities. The Pradhan Mantri Mudra Yojana (PMMY), launched in 2015, aims
to promote financial inclusion and entrepreneurial growth by providing collateralfree
loans to micro and small businesses. This paper evaluates the scheme’s
performance using secondary data from government reports and studies. The
objective of the paper includes examining PMMY’s role in empowering first- time
entrepreneurs, fostering regional entrepreneurship, and promoting inclusive growth
and the challenges in implementation and its alignment with Sustainable
Development Goals (SDGs).
