“Small opportunities are often the beginning of great enterprises.”                                          -Demosthenes

A number of monetarist insertion initiatives have been taken by Government of India for the low income groups, weaker section of society, small business man and micro enterprises. The creation of the Micro Units Development & Refinance Agency Ltd. (MUDRA) is an outcome of the launch of Pradhan Mantri Mudra Yojana (PMMY) on April 08, 2015 by the Hon’ble Prime Minister Mr. Narendra Modi to “fund the unfunded”. MUDRA intends to support the large number of aspiring entrepreneurs by bringing them into the formal financial system and extending affordable credit to them. Over the years, PMMY has earned the appreciation of being contributory in all-encompassing financing and stimulating growth at bottom of the pyramid, through varied channels such as Banks, RRB’s, Small Finance Banks, NBFc’s and Micro Finance Institutions. In this paper the researcher has made an attempt to analyze the financial performance of MUDRA Yojana over the last 4 years.

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Keywords: MUDRA, Financial Performance, MSME Sector, Financial Inclusion.