Monalisha Dutta
Volume-XII, Issue-II, January 2024
Volume-XII, Issue-II, January 2024 | ||
Published Online: 31.01.2024 | Page No: 248-261 | |||
Performance Review of
PMMY in the North- Eastern States- A Comparative Study
Monalisha Dutta, Assistant Professor,
Department of BBA & P.G. Commerce, B. H. College, Howly, India
Bhabananda Deb Nath, Assistant Professor,
Department of Accountancy, B. H. College, Howly, India | |
PMMY is a flagship programme launched by our Honorable Prime Minister on April, 2015 to provide financial assistance to those who want to start their entrepreneurial venture. It mainly focused on the MSME sector which are not given due attention by any financial institutions mainly due to their need for micro-credit. The North Eastern Region of the country consisting of eight states is rich in resources and potential; they only suffer lack of finance and adequate guidance. So there is a dearth of entrepreneurial development in this region. This issue of them has been too some extent been addressed by the PMMY scheme since its inception in 2015. The present study is an attempt to have a performance review of PMMY in the North Eastern Region. The study found that few states like Arunachal Pradesh and Mizoram have shown satisfactory performance under different categories of loan under PMMY, whereas states like Assam and Nagaland need to improve their performance as their performance are not satisfactory. The rest of the states have shown progress from the last financial year. Also during the FY 2022-23, Shishu category had the lowest share in the total amount of loan disbursed in the North East Region. So the Government should take measures to increase financial literacy among the local youths and also increase their accessibility to different banking facilities. | |
Keywords: PMMY, Shishu, Kishore, Tarun. | |