Abstract
This research was done with the prime objective to explore the role and effectiveness of microfinance in developing entrepreneurship. For economic growth and its sustainability, microfinance is deemed as one of the most necessary and operative mechanism. A sample of three hundred (350) respondents was selected based upon the basic criteria to be micro entrepreneurs using a Likert scale analysis. The facility of microfinance provision to young unemployed persons, unemployed women or poor persons has proved a tool for entrepreneurial development, reduce poverty through employment opportunity creation and a lead towards economic improvement and develop the nation. The need of entrepreneurship gets high importance on micro level due to the reason that upcoming innovations can save the resources and those resources can be utilized in more productive manner with better results.
Highlights
Microfinance is reckoned as one of the most necessary and operative mechanism for entrepreneurial development, economic growth and its sustainability
Many researches and studies have concluded that microfinance has significantly improved living standards, empowerment and status in the society as it has increased the opportunities for selfemployment or micro entrepreneurship
Government has not paid the due attention to the occurrence of Entrepreneurship in its policies, which it deserves
Summary
Microfinance is reckoned as one of the most necessary and operative mechanism for entrepreneurial development, economic growth and its sustainability. The major issue that micro-entrepreneur faces is shortage or non-availability of financial help to initiate or upgrade a business This lack of finances renders efforts to solve the problem through managerial support – including enhancing entrepreneurial skills, proper selection of business and access to technology, infrastructure and markets –insufficient as both the credit facility and skill to managing business are vital. Some MFIs give training in marketing, book-keeping and production to help develop entrepreneur’s skills while some of them offer social services –health care, education and literacy training Both the enterprise development and social services can improve the ability of the low-income entrepreneurs to operate their businesses Legerwood (1999). These questions are the disaggregated part of first hypothesis on ‘There is a significant positive impact of provision of microfinance facility on the Entrepreneurial development in Pakistan”
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
