Micro-finance the most effective instrument in poverty alleviation
2001
Sheikh, R.A. (International Islamic Univ., Islamabad (Pakistan). Faculty of Management Sciences)
The increasing number of poor in the world; especially in African and Asian countries is a matter of serious I concern. About 36% of the hungry people of the world live in South Asia and 6% in Pakistan. This 6% constitutes 34% (49 million) of Pakistan 's total population Inadequate resource allocation to education, healthcare and rural development has been adding more numbers in the pool of the deprived and poverty stricken. Availability of micro-finance both in rural and urban areas for establishing micro-enterprises can play a vital role in poverty alleviation in Pakistan. Poverty reduction is a high priority objective of the present government. In this regard; the National Development Strategy, and the role of Development Financial Institutions (DFIs), Commercial Banks (CBs), Provincial Cooperative Banks and NGOs have been discussed in this paper. The limitations of these financial institutions have also been discussed Above all, this article analyses the constraints in expansion of micro-finance in Pakistan and suggests remedial " measures.
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Эту запись предоставил National Agricultural Research Centre