The Importance of The Government Support for Operations of Islamic Micro Finance Bank
Keywords:
Microfinance banking, Socio-Political groups, Political supportAbstract
The role of the government and political pressure groups are the fundamental requirement for the success of Islamic micro finance banking. It is different to the conventional banking, and it is more like a social movement. It encourages the poor people to develop themselves with the support of the government and the Islamic micro finance bank. The basic objective of such institutions to poor peasants through small amounts of advances/ agriculture raw material for crops. The returns are always difficult without support of the socio-political groups in the locality. The study is based on qualitative techniques two propositions which were theoretically selected and discussed in detail. The sample is selected of 60 persons of working in senior positions in small financial institutions. A sample of 60 officials covered for this survey. Data collect via online survey. Pre-structured close ended questionnaire was sent via email on around 150 email IDs of executives of the financial institutions. Pakistan is a collective, conservative, cultural, country where socio cultural bonds in the public are very strong. Therefore, without political support, no public work can be successful.
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