Umamaheswari, R and Ranilakshmi, S and Geetha, M (2024) Economic prospects in Tamil Nadu and the Prime Minister's Loan Scheme for Business Development: An Insight Study in the Rural areas of Coimbatore District. Economic prospects in Tamil Nadu and the Prime Minister's Loan Scheme for Business Development: An Insight Study in the Rural areas of Coimbatore District, 23 (2). pp. 153-169. ISSN 0044-0477

[thumbnail of YMER230225 (1).pdf] Text
YMER230225 (1).pdf - Published Version
Download (714kB)

Abstract

India acknowledges the social and economic imperative of broad-based growth and is working to promote greater diversity. The benefits of growth must not merely trickle down to those at the bottom of the pyramid in a nation as huge and diverse as ours; instead, opportunities must be provided for everyone. The Indian government has implemented a number of loan schemes, programs and policies to encourage an innovative business culture throughout the nation. The Indian government has recently developed a wide range of new initiatives and opportunities to foster innovation across many different industries. The Government of India has made sure that all policy initiatives are focused on enabling equal opportunity for women because it recognizes the significance of business development, particularly women entrepreneurship, and economic participation in enabling the country's growth and prosperity. By granting access to loans, networks, markets, and trainings, the government aims to advance women in India's entrepreneurial ecosystem. For instance The Ministry of Rural Development, Government of India, created the Prime Minister's Rural Development Fellowship (PMRDF), which was carried out in cooperation with State Governments. The program's main goals are to reduce poverty and enhance the quality of life for Indians living in rural areas. In this context, The Prime Minister Loan Scheme, plays a vital role by nurturing entrepreneurship and agriculture in Rural Areas of India particularly in states like Tamil Nadu, and considerably boosts employment, cultivation, production, and exports. Tamil Nadu isone of the oldest civilizations globally and the second-largest state in India, boasts a significant contribution to the country's economy. Union Finance Minister Nirmala Sitharaman spearheaded an economic boost for Tamil Nadu by distributing loans under the Prime Minister’s Loan Schemes during a Grand Lending Camp held in Coimbatore. She distributed 3500 Crore rupees worth of credit assistance to the beneficiaries at Coimbatore on October 3, 2023. Speaking at the function , the Minister said that “aspirational districts are prioritised for all types of Government assistance. The loans were distributed under the Credit Outreach Program of Prime Minister loan scheme for entrepreneurs and farmers

Item Type: Article
Uncontrolled Keywords: Rural entrepreneurs, economic development, economic perspective, , Innovative, Markets, Trainings, Technical and conceptual ability, Prime Minister Loan Scheme, business development
Divisions: PSG College of Arts and Science > Department of Commerce
Depositing User: Dr. B Sivakumar
Date Deposited: 22 May 2026 04:53
Last Modified: 22 May 2026 04:53
URI: https://ir.psgcas.ac.in/id/eprint/2853

Actions (login required)

View Item
View Item