Entrepreneur Culture Development through Mudra Scheme in Karnataka

Abstract

The Mudra (Micro Units Development and Refinance Agency) Scheme, initiated by the Government of India, has played a pivotal role in fostering an entrepreneurial culture in Karnataka, one of India's most economically dynamic states. This abstract provides a concise overview of the research conducted to understand the impact of the Mudra Scheme on entrepreneur culture development in Karnataka. The Mudra Scheme was launched in 2015 with the primary objective of providing financial support to micro and small enterprises by extending collateral-free loans. Over the years, this scheme has evolved as a significant driver of entrepreneurship, enabling individuals to turn their business ideas into reality. This research endeavors to assess the tangible and intangible impacts of the Mudra Scheme on fostering an entrepreneurial culture within Karnataka. The study employs a mixed-methods approach, combining quantitative analysis of loan disbursement data with qualitative insights gathered through interviews and surveys of Mudra beneficiaries, financial institutions, and government officials. The research takes into account several key dimensions: Access to Finance, Entrepreneurial Mindset, Employment Generation, Gender and Social Inclusion, Challenges and Future Prospects. Through a comprehensive analysis of these dimensions, this research aims to provide valuable insights into how the Mudra Scheme has contributed to the development of an entrepreneurial culture in Karnataka. Understanding the impact of this scheme is essential not only for policymakers but also for entrepreneurs, financial institutions, and other stakeholders interested in fostering economic growth and innovation in the region. The findings of this study will help inform future policy decisions and strategies for promoting entrepreneurship and inclusive economic development in Karnataka.