PMMY through Public and Private Commercial Banks in Golaghat District, Assam, India: A Comparative Analysis

Abstract

Microfinance plays a key role in starting new businesses or small businesses. The basic motive of PMMY is to extend the facility of institutional finance to small business entities involved in various trading, manufacturing and service activities. The present paper is an attempt to make a comparative study the role of Public and Private Banks in PMMY in Golaghat district of Assam. The study is based on secondary data. The Study reveals that in Golaghat district, Assam, all types of banks are involved in providing PM MUDRA loans however there is no uniformity in number of accounts and loan disbursement by the different banks. The Private Banks are playing a major role in implementation of PMMY. The RRBs thought government banks needs to accelerate their role in the execution of the scheme.