Pradhan Mantri Mudra Yojana (PMMY) disbursements are benefiting financially weaker regions more, improving financial inclusion in underdeveloped states, according to a report by SBI Research. “A financial inclusion metric show Mudra disbursements have a stronger impact on states with lower financial inclusion levels,” the report added. The report, which analyzes the impact of PMMY, states that states with a higher share of disbursements to women have significantly shown higher employment creation by women-led MSMEs, further reinforcing the efficacy of targeted financial inclusion policies in fostering economic empowerment and labour market participation.