India, located in South Asia, holds the seventh position globally in terms of land area and is the second most populous nation, boasting a population of over 1.2 billion. While the substantial population signifies a vast potential market within the country, it concurrently gives rise to significant employment challenges in Indian society. In recent times, there has been a noticeable surge in self-employment awareness among college students, leading them to be less reliant on parental support, educational institutions, or waiting for conventional opportunities. Instead, these students proactively seek out new prospects for themselves. This study aims to examine the Government's initiative, the Mudra Yojna, designed to support start-ups financially, thereby empowering entrepreneurship as a viable solution for unemployment. The paper intends to study the impact of PMMY (MUDRA) on the development of entrepreneurship,especially among privileged classes such as women reserved backward classes.