Paper Contents
Abstract
Abstract . The cornerstone of India's economy is the Non-Corporate Small Business Sector (NCSBS). The majority of industrial units are in the non-corporate small business sector. The NCSBS are the cornerstones of a nation's economic expansion, but a sizable portion of the non-corporate sector runs as unregistered businesses. They are not legally subject to taxation and do not keep accurate books of accounts. It is therefore challenging for the banks to lend to them. The majority of this industry does not have access to outside funding sources. The banks provide very little assistance to this industry; less than 15% of bank credit is extended to MSMEs, or micro, small, and medium-sized enterprises. The focus of the scheme is to Fund the unfunded This essay seeks to comprehend PMMY and its importance, Mudra Bank's products and schemes, the scheme's current state of development, and the advantages of PMMY in Maharashtra.Keywords: NCSBS, GOI, Mudra Bank, MSMSs, PMMY, small business sector.
Copyright
Copyright © 2024 Dr.Asha Shivaji Patil. This is an open access article distributed under the Creative Commons Attribution License.
