Study of the impact of financial subsidy schemes on the growth of small scale businesses and entrepreneurs in Amravati city (KEY IJP************264)

• Rucha Sureshrao Pathare,Prof. F.k.thomas

Abstract

Abstract : This study conducts a comparative performance of Financial subsidy schemes under central government for small scale businesses and entrepreneurs in Amravati city. The Prime Ministers Employment Generation Programme (PMEGP) is a flagship initiative by the Government of India to promote self-employment and entrepreneurship by providing financial assistance to set up micro-enterprises in the non-farm sector. Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme by the Government of India designed to provide financial support to micro and small enterprises.However, the actual impact of these financial subsidy schemes on the growth and sustainability of small-scale businesses and entrepreneurs in Amaravati City remains unclear. While anecdotal evidence suggests some success, there is a lack of systematic analysis on the effectiveness of these schemes in overcoming financial barriers, fostering business growth, and addressing the challenges faced by entrepreneurs in the region. Questions also arise regarding the accessibility of these schemes, the efficiency of their implementation, and their ability to meet the diverse needs of small-scale businesses.The results indicate that Pradhan Mantri Mudra Loan has been performed outstanding and get more popular than other financial subsidy schemes of Government. Also it has been observed that, no any problem faced by borrower to avail financial subsidy schemes from any lender in Amravati city.