Published Paper Details:

The Pradhan Mantri Mudra Yojana (PMMY) was launched by Government of India to provide collateral free credit to micro and Small enterprises, with a special focus on promoting entrepreneueship among women. Despite these objectives, many women entrepreneurs face barriers in availing and effectively utilizing Mudra loans. This study explores these constraints through primary data collected from 200 women entrepreneurs across Karnataka who have applied for or availed Mudra loans. Data were gathered using structural questionnaires and analyzed using descriptive statistics and thematic assessment. The findings indicate that major challenges include limited awareness about loan provisions, procedural complexities in documentation, delays in loan approval and disbursement, and inadequate guidance during the application process. Additionally, socio-cultural factors such as gender bias, restricted mobility and lack of strong business networks hinder optimal utilization of loan funds. The study highlights the need for targeted financial literacy programs, streamlined procedures, enhanced institutional support, and post loan mentoring to ensure Mudra loans translate into sustainable entrepreneurial growth. The results provide actionable insights for policymakers, financial institutions, and development agencies aiming to strengthen women's participation in the entrepreneurial ecosystem through inclusive finance.