International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies


:: International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies

ISSN 2228-9860
eISSN 1906-9642


Vol.12(3) (2021)

  • Is the Micro-Finance Program a Panacea for Household Welfare? An Empirical Analysis from Pakistan

    Mudassar Hussain (Research Unit, Allama Iqbal Open University, Islamabad, PAKISTAN),
    Usman Shakoor (Department of Economics, COMSATS University Islamabad, PAKISTAN),
    Muhammad Usman (Department of Management Sciences, Foundation University, Islamabad, PAKISTAN),
    Mudassar Rashid, Muhammad Irfan (Department of Economics, COMSATS University Islamabad, PAKISTAN),
    Muhammad Abeer Farooq (Sustainable Development Policy Institute, Islamabad, PAKISTAN).

    Disciplinary: Welfare Economics & Econometrics, Poverty Alleviation and Welfare Studies, Social Engineering.

    ➤ FullText

    doi: 10.14456/ITJEMAST.2021.52

    Keywords: BISP, NRSP, Microfinance programs (MFP), Household Welfare; Family member, micro-credit scheme; Bivariate probit regression; Welfare management; microloan.

    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.

    Paper ID: 12A3J

    Cite this article:

    Hussain, M., Shakoor, U., Usman, M., Rashid, M., Irfan, M., Farooq M. A. (2021). Is the Micro-Finance Program a Panacea for Household Welfare? An Empirical Analysis from Pakistan. International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies, 12(3), 12A3J, 1-10.


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