Inclusive Finance for SMEs in Pakistan: A Supply-Side Perspective
Objective: Inclusive finance aims to escalate the access and usage of financial services among SMEs and individuals as well. Therefore, it is mainly concerned with efforts towards financial inclusion, which means easy access and usage of a wide range of affordable financial products and services by...
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| Format: | Article |
| Language: | English |
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CSRC Publishing
2023-12-01
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| Series: | Sustainable Business and Society in Emerging Economies |
| Subjects: | |
| Online Access: | https://publishing.globalcsrc.org/ojs/index.php/sbsee/article/view/2840 |
| _version_ | 1797305545021980672 |
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| author | Rabia Rasheed Sulaman Hafeez Siddiqui Muhammad Abbas |
| author_facet | Rabia Rasheed Sulaman Hafeez Siddiqui Muhammad Abbas |
| author_sort | Rabia Rasheed |
| collection | DOAJ |
| description |
Objective: Inclusive finance aims to escalate the access and usage of financial services among SMEs and individuals as well. Therefore, it is mainly concerned with efforts towards financial inclusion, which means easy access and usage of a wide range of affordable financial products and services by everyone, provided by a variety of sound, responsible, and sustainable financial institutes. In Pakistan, SMEs face severe issues towards access to formal finance and bound to meet their financial needs by using informal finance. This study aims to highlight the supply-side factors impacting SME's access to finance in Pakistan. Methodology: This quantitative research has been conducted in the five big cities of Punjab province. By using a stratified sampling technique SMEs from three main sectors have been included in this study manufacturing, services and trading. Findings: In line with prior research study concluded that for inclusive growth and development, provision of resources, favourable policies and regulatory reforms, financial and other national institutions, international bodies support can bring significant change in the status of SMEs in Pakistan. Implications: Current study will be helpful for policy makers and financial institutions to formalize their structure and strategies to facilitate SMEs in Pakistan.
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| first_indexed | 2024-03-08T00:28:27Z |
| format | Article |
| id | doaj.art-22171f2edd25448e817934b04f4f744a |
| institution | Directory Open Access Journal |
| issn | 2708-2504 2708-2172 |
| language | English |
| last_indexed | 2024-03-08T00:28:27Z |
| publishDate | 2023-12-01 |
| publisher | CSRC Publishing |
| record_format | Article |
| series | Sustainable Business and Society in Emerging Economies |
| spelling | doaj.art-22171f2edd25448e817934b04f4f744a2024-02-15T14:23:17ZengCSRC PublishingSustainable Business and Society in Emerging Economies2708-25042708-21722023-12-0154Inclusive Finance for SMEs in Pakistan: A Supply-Side PerspectiveRabia Rasheed0Sulaman Hafeez Siddiqui1Muhammad Abbas2Pakistan Air Force Academy Asghar Khan, Air UniversityThe Islamia University of Bahawalpur, PakistanPakistan Air Force Academy Asghar Khan, Air University, Pakistan Objective: Inclusive finance aims to escalate the access and usage of financial services among SMEs and individuals as well. Therefore, it is mainly concerned with efforts towards financial inclusion, which means easy access and usage of a wide range of affordable financial products and services by everyone, provided by a variety of sound, responsible, and sustainable financial institutes. In Pakistan, SMEs face severe issues towards access to formal finance and bound to meet their financial needs by using informal finance. This study aims to highlight the supply-side factors impacting SME's access to finance in Pakistan. Methodology: This quantitative research has been conducted in the five big cities of Punjab province. By using a stratified sampling technique SMEs from three main sectors have been included in this study manufacturing, services and trading. Findings: In line with prior research study concluded that for inclusive growth and development, provision of resources, favourable policies and regulatory reforms, financial and other national institutions, international bodies support can bring significant change in the status of SMEs in Pakistan. Implications: Current study will be helpful for policy makers and financial institutions to formalize their structure and strategies to facilitate SMEs in Pakistan. https://publishing.globalcsrc.org/ojs/index.php/sbsee/article/view/2840SMEsInclusive FinancePakistanSupply Side |
| spellingShingle | Rabia Rasheed Sulaman Hafeez Siddiqui Muhammad Abbas Inclusive Finance for SMEs in Pakistan: A Supply-Side Perspective Sustainable Business and Society in Emerging Economies SMEs Inclusive Finance Pakistan Supply Side |
| title | Inclusive Finance for SMEs in Pakistan: A Supply-Side Perspective |
| title_full | Inclusive Finance for SMEs in Pakistan: A Supply-Side Perspective |
| title_fullStr | Inclusive Finance for SMEs in Pakistan: A Supply-Side Perspective |
| title_full_unstemmed | Inclusive Finance for SMEs in Pakistan: A Supply-Side Perspective |
| title_short | Inclusive Finance for SMEs in Pakistan: A Supply-Side Perspective |
| title_sort | inclusive finance for smes in pakistan a supply side perspective |
| topic | SMEs Inclusive Finance Pakistan Supply Side |
| url | https://publishing.globalcsrc.org/ojs/index.php/sbsee/article/view/2840 |
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