Impacts of microfinance scheme of Punjab Rural Support Program (PRSP) on socio-economic conditions of rural people in Tehsil D.G. Khan

Abstract

Microfinance refers to providing loans and finance to poor people for self-employment. Pakistan has been blessed with abundance of natural and human resources, a more dynamic business community, a large and potentially more productive agriculture sector and a strategic location for trade.For poor rural families in Pakistan, access to credit and saving facilities made possible to make the variation between grinding poverty and an economically protected life. Universe for proposed study was rural areas of tehsil D.G. Khan. 120 respondents were interviewed and Majority of the respondents 53.3 percent motivated by their relatives/friends toacquire the loan from PRSP and 57.5 percent reported that they got loan for agriculture inputs. A huge proportion of the respondents 97.5 percent declared that PRSP's microfinance scheme was better than other organization for the improvement of livelihood of rural people.