Impacts of Microfinance Scheme of Punjab Rural Support Program (PRSP) on Socio-Economic Conditions of Rural People in Tehsil D.G. Khan

Muhammad Ali Tarar; Muhammad Shible Shabkhaiz; Saira Akhtar; Nisar Hussain; Yasir Nawaz

Authors

Muhammad Ali Tarar Section of Social Sciences and Rural Development, College of Agriculture D. G. Khan Sub Campus, University of Agriculture, Faisalabad
Muhammad Shible Shabkhaiz Section of Social Sciences and Rural Development, College of Agriculture D. G. Khan Sub Campus, University of Agriculture, Faisalabad
Saira Akhtar Associate Professor, Department of Rural Sociology, University of Agriculture, Faisalabad
Nisar Hussain Section of Social Sciences and Rural Development, College of Agriculture D. G. Khan Sub Campus, University of Agriculture, Faisalabad
Yasir Nawaz Assistant Professor, Department of Sociology, University of Sargodha

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.

DOI: 10.5901/mjss.2014.v5n3p25