Paper Title
Role of ‘Pradhan Mantri Mudra Yojana’ (PMMY) in the Employment Generation: A sustainable model for Sustainable Future

Abstract
‘MUDRA’, which stands for ‘Micro Units Development & Refinance Agency Ltd’, is a financial institution being set up by Government of India for development and refinancing micro units enterprises, was announced by the Hon’ble Finance Minister while presenting the Union Budget for FY 2016 with a purpose to provide funding to the non-corporate small business sector. The purpose of the research paper is to study, measure and identify if the ‘Pradhan Mantri Mudra Yojana’ (PMMY) is able to help and assist the targeted Bottom of Pyramid to achieve sustainable development by creating an inclusive, sustainable and value based entrepreneurial culture, employment generation and ultimately financial security. The paper also studies if model is a sustainable solution of Sustainable Future in the Circular Economy to achieve the Sustainable Development Goal 08 ‘Decent Work and Economic Growth’ by promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. Research Objectives: The aim of the research paper is 1. To identify the ‘Bottom of Pyramid’ who have taken benefit of PMMY as ‘Mudra loan’ holders from Pune Division of Maharashtra State 2. To study the factors affecting employment generation among the Mudra loan holders as PMMY beneficiaries 3. To measure the employment generation amongst the PMMY beneficiaries Coverage: The Non–Corporate Small Business Segment (NCSB) beneficiary entrepreneurs of India who have taken loan under PMMY are the universe of the study. Sampling Frame: The sample is chosen from the PMMY beneficiaries located in Pune region of State of Maharashtra. Sample Size: Out of 159 beneficiaries we have reached, we have received complete data of 89 Mudra loan holders who are beneficiaries of ‘Shishu, Kishor and Tarun’ schemes of PMMY. This research is part of sponsored research paper of ICSSR in the year 2016/17, (F.No.- 02/378/2016-17/RP). Keywords - Pradhan Mantri Mudra Yojana (PMMY); Sustainable Development; Bottom of Pyramid; Women Entrepreneurship, Entrepreneurship Development, Employment Generation, Sustainable Development Goals, SDG 08, Decent Work for All, Decent Work and Economic Growth