Impact of Punjab Rural Support Program on Poverty Alleviation: A Case Study of District Layyah

Abstract

The study examined the impact of the microcredit facility under Punjab Rural Support Program in reducing poverty in Layyah. Pakistan Rural Support Program focuses on alleviating poverty and harnessing development initiatives in rural regions. 100 respondents are inquired about family size, nature of work, level of schooling and microcredit facility to understand impacts of microcredit in reducing destitution. Pay differential is determined as pay after micro-credit and pay before micro-credit and pay differential is utilized to know impact of microcredit in reducing poverty. Two econometrics models have been developed, standard econometrics tests are applied on the model. The assessed results show that microcredit money improves the borrowers' pay and consequently reduces neediness in the region of Layyah. Level of training, family size, and nature of business are significant determinants of pay differential and destitution measures. The legitimacy of the evaluations has been checked utilizing different econometric tests. This study has proposed that to make the program more responsive, the easy availability of microcredit must be ensured and complexities in the aspect should be diminished, strategies and vision must be communicated and reached to people. The project scope of the plan can be enhanced and infrastructural techniques can be made exceptionally advantageous.