期刊名称：International Journal of Advances in Management and Economics
印刷版ISSN：2278-3369
出版年度：2012
卷号：1
期号：4
出版社：International Journal of Advances in Management and Economics
摘要：Micro finance has achieved an everlasting fame in all over the world by producing considerable evidence of poverty eradication. It provides financial services to those people, who have low incomes, minimal assets and don’t have collateral to borrow a credit from commercial banks. The aim of the microfinance is to remove poverty by empowering poor and the unbanked with a little amount of credit. Present study is conducted to find out the impact of micro credit by Punjab Rural Support Programme (PRSP) in the rural areas of Tehsile Gujrat. A sample of 316 borrowers was randomly selected. Sample unit was the borrower who had completely repaid all the loan installments one month before from the day of survey. Survey technique was used and face to face interviews were conducted to collect the relevant information. Descriptive statistics was used to analyze the characteristics of the borrowers while for econometric analysis, Multiple Linear Regression Model (MLRM) was used to know the impact of micro credit. The results of econometric analysis show that 1% increase in credit will bring 79% increase in the income of the borrowers. Education has also positive impact on income of the beneficiaries. MLRM analysis shows that increase in 1 year/ (1 level) of education will increase in income by 26.8% of the borrowers while family size is found insignificant. The study not only reveals the impact of micro financing but also gives some suggestions/policy implications for the betterment of micro credit schemes.
