ROLE OF MUDRA YOJANA IN PROMOTING WOMEN ENTREPRENEURSHIP IN INDIA

The MUDRA Yojana is an immense initiative of Government of India for escalates the micro enterprises especially for women owned enterprises. The current study intends to examine the progress of each scheme under Mudra Yojana for Women Entrepreneurs in India since its establishment. The analysis discovered that there is a changing pattern in the growth of all the MUDRA yojana plans, particularly owing to a covid-19 epidemic. The results show that there is a decrease in loan sanctioned under the Shishu scheme except in recent year which is a serious concern. However, the study demonstrates that the medium size loan amount (Kishor Scheme) has been successful for supporting women entrepreneurs as compared to other schemes. It is evident from the p-value of post-hoc F statistics, all the schemes except Kishor and Tarun scheme, have significant differences in sanctioned amount during the study. The results determined that larger percentages of sanctioned and disbursed sums, together with growing involvement of female entrepreneurs in the Mudra Yojana, are encouraging indicators of empowerment. The findings concludes that, there has been success in boosting women entrepreneurs through the MUDRA Yojana, but there is still space for improvement in terms of making sure that the financial assistance reaches women-owned firms with greater efficacy. Keywords: Women Empowerment, Financial Inclusion, MUDRA Yojana, Micro finance and Women Entrepreneur