Futuristic Perspectives to Lower the NPA With Focus on Pradhan Mantri Mudra Yojana: Contribution to United Nations SDG-8
Keywords:
NPA, PMMY, RBI, Mudra loan, SDG-8Abstract
Youth empowerment is definitely a committed component for any country; therefore, Pradhan Mantri Mudra Yojana (PMMY) is the internationally valued plan of the Government of India. PMMY plan encourages keen entrepreneurs and presents a micro-credit of up to Rs. 10 lakhs for businesses who expect to establish their businesses. Besides the fact that this program works as an enhancer for micro-enterprises, there is certainly a significant percentage of nonperforming assets (NPA), so this concern has to be tackled to prevent the burden on the bank. NPAs are nonproductive as they crash to create profits for the bank. The Reserve Bank of India (RBI) imparts NPA if the assignee is qualified to be overdue for more than 90 days. Currently, to cope with NPA deficits, the bank maintains funds besides their earning, which are provisioning facilities. The Maharashtra State NPA recorded till June 2022 was 16.32 percent towards the Pradhan Mantri MUDRA Yojana. Hence, this paper is focused on developing the duel strategy for the ‘Shishu,’ ‘Kishor,’ and ‘Tarun’ slabs of PMMY and seeks new entrepreneurs to avail of the PMMY facility and motivate old entrepreneurs to boost their businesses. Accordingly, this approach can be a conceivable way to lower NPA, which will encourage sustainable banking. This paper focuses on the United Nations goal ‘Sustainable Development Goal-8’, which is meant for decent work and economic growth.
Downloads
References
Bischof, Jannis, Christian Laux, and Christian Leuz. "Accounting for financial stability: Bank disclosure and loss recognition in the financial crisis." Journal of Financial Economics, Elsevier, 141.3 (2021): 1188-1217.
Shinde, Ms Deepti, and J. Babasaheb. "A Study On The Status Of Non-Performing Assets (Npa) In Selected Mudra Banks Before And After The Covid-19 Pandemic." Journal of Pharmaceutical Negative Results 13.10.47750 (2022).
Agarwala, Varuna, Tarak Nath Sahu, and Sudarshan Maity. "Efficiency of public sector banks in achieving the goal of PMJDY and PMMY." International Journal of Economics and Business Research 24.1-2 (2022): 234-256.
Gulabsing, Rajput Kanchan, and MR Jhansi Rani. "Financial Inclusion Provided by Rbi on Economic Growth in India-Theoretical Study." NeuroQuantology 20.10 (2022): 7743-7749.
Pandey, Ram Prakash, and Mano Shrijit Tripathi. "Performance Analysis of Pradhan Mantri Mudra Yojana (PMMY) and its Impact on NPA of the Banking Sector in India." International Journal for Multidisciplinary Research 5.2 (2023).
Shyam, Keshav. "A Comparative Study Of Credit Risk Management In Public And Private Sector Bank (With Special Reference To Mudra Yojana)." (2023).
Pandey, Aakash, and V. K. Dixit. "Empowering Dreams: An Analysis of PMMY's Impact on Micro-Entrepreneurship and Financial Inclusion." (2023).
Singh, Harvinder, and Kawal Nain Singh. "A Study on Six Years Progress Status of Pradhan Mantri Mudra Yojana." Advances in Engineering Science and Management (2023): 157.
Sahu, Tarak Nath, VarunaAgarwala, and Sudarshan Maity. "Social welfare through Mudra Yojana: how did the public sector banks perform in realising the dream?." International Journal of Business Excellence 31.3 (2023): 450-467.
Das, Atul Kumar. "PMMY through Public and Private Commercial Banks in Golaghat District, Assam, India: A Comparative Analysis." (2024).
Minz, Wilson Peter, Goutam Bhowmik, and ShubhadipKushari. "Entrepreneurship Development through Pradhan Mantri Mudra Yojana: A Critical Analysis."
Mahajan, Vijay, and Pranay Bhargava. "SME Financing-How to Bridge the Persistent Demand Supply Gap?." Available at SSRN 5141173 (2025).
Singh, Ajay Pal, and Gagan Deep. "Unlocking financial inclusion: Indian banks' efficiency in Pradhan Mantri Jan-Dhan Yojana explored through DEA." Rajagiri Management Journal (2025).
Sarkar, Suman Kalyan Chaudhury1 Dr Sukanta, and K. Harun. "Navigating Financial Frontiers: An Exploratory Study of Institutional Finance in Assam."
Chaturvedi, Molly, et al. "Viksit Bharat Yojna And Rural Women Empowerment In Telangana: A Focused Empirical Study On Entrepreneurship." International Journal of Technology, Knowledge and Society (2025): 33-42.
Martinravi, Caroline Priya, and Krishnakumar Krishnasamy. "Unleashing the potential of MSMEs in India: A strategic analysis." Journal of the International Council for Small Business 6.1 (2025): 123-143.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
All papers should be submitted electronically. All submitted manuscripts must be original work that is not under submission at another journal or under consideration for publication in another form, such as a monograph or chapter of a book. Authors of submitted papers are obligated not to submit their paper for publication elsewhere until an editorial decision is rendered on their submission. Further, authors of accepted papers are prohibited from publishing the results in other publications that appear before the paper is published in the Journal unless they receive approval for doing so from the Editor-In-Chief.
IJISAE open access articles are licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. This license lets the audience to give appropriate credit, provide a link to the license, and indicate if changes were made and if they remix, transform, or build upon the material, they must distribute contributions under the same license as the original.
