PAPER ID: Vol. II Issue IV (Jan-March 2025 ) /33-42/5
AUTHOR : Sumit Manchanda [I] Dr. Shraddha Agarwal [II]
TITLE:EMPOWERING MARGINALIZED COMMUNITIES IN DELHI: ANALYZING THE IMPACT OF PMMY ON SOCIAL MOBILITY
ABSTRACT: Launched in 2015, the Pradhan Mantri Mudra Yojana (PMMY) seeks financial help for small and micro firms in India that are not corporations or farms. Through a thorough quantitative and qualitative examination, this study assesses PMMY’s effects on micro-entrepreneurship, job creation, and socioeconomic development in Delhi. The study uses a mixed-methods approach to evaluate the scheme’s effectiveness by combining statistical data analysis.To find trends in loan disbursement, sectoral distribution, and regional discrepancies, quantitative data is evaluated from official PMMY reports and secondary databases. Key performance indicators like loan repayment rates and recipient demographics of the region are examined to assess how well the program promotes financial inclusion and economic empowerment.A review of the existing literature supplements the quantitative study with qualitative insights to uncover the ground realities of PMMY implementation, highlighting the importance of financial literacy, the difficulties borrowers encounter in obtaining funds, and the sociocultural effects of increased credit availability.
The results show a notable rise in micro-business startups and job openings, especially in underprivileged areas of the capital city. However, some difficulties include unequal credit distribution, administrative roadblocks, and insufficient support systems. The report ends with policy recommendations highlighting the need for more focused outreach, better financial education, and reduced administrative procedures to increase PMMY’s efficacy.This study adds to our knowledge of microfinance programs in developing nations and provides insightful information for development professionals, financial institutions, and politicians.
KEYWORDS: micro-entrepreneurship, job creation, socioeconomic development, disbursement, sectoral distribution, regional discrepancies, demographics, financial literacy, policy recommendations
