Economic policy discussion or decision or reform such as access to credit must include and involve the MSMEs, especially entrepreneurship self-employment at the bottom of the economy. Honorable Prime Minister of India, Shri Narendra Modi observed at the launch of the MUDRA Yojana in 2015. The perspectives of several stakeholders including MUDRA loan beneficiaries, Branch Managers (of sample banks), Lead Bank Managers, NSIC (National Small Industries Corporation) representatives, SIDBI etc. have been recorded and included to generate quantitative data and qualitative insights. In recent years in India, there has been a rapid growth and expansion, greater competition and diversification of ownership of banks and financial institutions, leading to increase in efficiency in the banking and financial services.
Keyword: Financial inclusion, Mudra, Micro Credit
Dr Vinay Sahasrabuddhe, Dr Sumeet Bhasin, Adv. Nalin Kohli, Vidushi Sahani & Aparna Raman*