Assessing the Impact of the Pradhan Mantri Mudra Yojana (PMMY) on Micro-Entrepreneurship Development in Assam: Opportunities, Challenges, and Policy Implications

This study evaluates the influence of the Pradhan Mantri Mudra Yojana (PMMY) on the growth and development of micro-entrepreneurship in Assam, a state with significant potential for inclusive economic development. Launched in 2015, PMMY aims to provide collateral-free institutional credit to micro and small enterprises, thereby promoting self-employment and entrepreneurship across India. This article investigates how the scheme has been implemented in Assam, the nature of enterprises supported, and the socio-economic outcomes realized. Drawing from primary data and secondary sources, the article identifies key opportunities provided by the scheme, such as financial inclusion and women empowerment. It also discusses persistent challenges like low repayment capacity, lack of financial literacy, and inadequate post-loan support. The article concludes with policy recommendations to enhance the effectiveness of PMMY in promoting sustainable micro-entrepreneurship in the state.