Critical Review on Pradhan Mantri Mudra Yojana (PMMY) in Non Banking Financial Companies

Dr. P. Govindaraj; N. Gopalsamy

Volume : IX, Issue : II, February - 2020

Critical Review on Pradhan Mantri Mudra Yojana (PMMY) in Non Banking Financial Companies

Dr. P. Govindaraj, N. Gopalsamy

Abstract :

This paper highlights the performance of Mudra schemes since 2015 especially lending from NBFCs. Due to slowdown of the economy bad debts of mudra is gradually increased in financial institutions. For capital formation the role of NBFCs are playing major role in Indian economy. Their contributions to Mudra schemes are important to develop the entrepreneurship in our country. Since the day one from the scheme NBFCs are providing thousands of crores to the budding business units in india. This paper discuss the problems in recovery of Mudra loans provided by the NBFCs and defaults in it.