Exploring The Impact of Pmmy on Tribal Startups: A Study of Indigenous Business Ecosystems in Southern Districts of Tamilnadu

Abstract

The Pradhan Mantri Mudra Yojana (PMMY) aims to promote entrepreneurship and financial inclusion among marginalized communities in India. This study investigates the impact of PMMY on tribal startups in the southern districts of Tamil Nadu, focusing on its effectiveness in facilitating access to formal credit, encouraging entrepreneurship, and fostering socio-economic development. Using a structured questionnaire, the study collects quantitative data from tribal entrepreneurs to analyze the effects of PMMY on financial independence, job creation, and overall community welfare. Results indicate that PMMY has significantly enhanced financial access and independence among tribal startups, although challenges such as documentation requirements and varying levels of financial literacy remain. Recommendations include targeted awareness programs, streamlined processes, and enhanced support for female entrepreneurs to optimize PMMY's potential. The study concludes that while PMMY plays a crucial role in uplifting tribal communities, continued efforts are needed to address existing barriers and ensure sustainable growth