A STUDY ON AWARENESS OF PRADHAN MANTRI MUDRA YOJANA SCHEME AMONG THE YOUTHS IN IMPHAL WEST DISTRICT, MANIPUR

The unavailability of adequate and timely credit facility is the main problem encountered by MSMEs. With an objective to “fund the unfunded” and enable a small borrower to borrow from the Commercial Banks, MFI, NBFCs and RRBs, the GOI initiated Pradhan Mantri Mudra Yojana scheme to provide loans up to Rs.10 lakh to non-corporate, non-farm small/micro-enterprises. The present research paper aims to study the awareness level of PMMY scheme among the youths. Primary data were collected from 200 respondents through questionnaires in Imphal West District and Secondary data were collected from journals, Mudra websites, magazines, books, newspapers and various other websites, etc. The collected data was entered and analyzed through SPSS 26 and to test the hypothesis, the study used descriptive statistics, Chi-square Test and One-Way ANOVA. The finding of the study shows that there was low level of awareness of PMMY scheme among the youths but more educated young entrepreneurs are aware of PMMY scheme.