|
Is the Micro-Finance Program a Panacea for Household Welfare? An Empirical Analysis from Pakistan |
|---|---|
| รหัสดีโอไอ | |
| Creator | Mudassar Hussain, Usman Shakoor, Muhammad Usman, Mudassar Rashid, Muhammad Irfan, Muhammad Abeer Farooq |
| Title | Is the Micro-Finance Program a Panacea for Household Welfare? An Empirical Analysis from Pakistan |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2564 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 12 |
| Journal No. | 3 |
| Page no. | 12A3J: 1-10 |
| Keyword | BISP, NRSP, Microfinance programs (MFP), Household Welfare, Family member, micro-credit scheme, Bivariate probit regression, Welfare management. |
| URL Website | http://TuEngr.com/Vol12_3.html |
| Website title | ITJEMAST V12(3) 2021 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | This study evaluated the impact of microfinance programs Benazir Income Support Programme (BISP) and National Rural Support Programme (NRSP) on the welfare of the household. Primary data was collected through a questionnaire from 130 microfinance beneficiaries of BISP and NRSP from Islamabad/Rawalpindi. Purposive Sampling Technique and Bivariate Probit Regression Model were used for empirical results. The results showed that if being a member of the microfinance program, household welfare had improved. Respondents experienced a rise in household income, household savings, enabled to pay medical bills and schooling expenditure, improved household consumption pattern, and after availing the microloan/cash grant. The improvement in welfare indicators depicts progression in the welfare of the beneficiary population that showed a trend of poverty reduction through these microfinance programs. |
