The Role of Banking in Fostering Entrepreneurship and Small Business Growth in Pakistan

Authors

  • Tariq Mahmood MPhil (Finance), University of Education, Lahore
  • Moavia Saleem MBA (Banking & Finance), Institute: Institute of Banking Finance, BZU, Multan
  • Muhammad Faisal MBA (Banking & Finance), Institute: Institute of Banking Finance, BZU, Multan

Abstract

Entrepreneurship and small business growth play a crucial role in fostering economic development and job creation in Pakistan. This study investigates the role of the banking sector in facilitating entrepreneurship and small business growth in the country. The research aims to explore the impact of various banking services, such as credit availability, financial literacy programs, and advisory support, on the establishment and growth of new ventures. The study employs a mixed-methods approach, combining quantitative data analysis with qualitative insights from entrepreneurs and banking professionals. The findings highlight the significance of accessible financing, tailored financial products, and business support services in fostering entrepreneurial activities and small business expansion. The research contributes to the understanding of the banking sector's pivotal role in stimulating economic growth and provides recommendations for policymakers, financial institutions, and aspiring entrepreneurs.

Keywords: Entrepreneurship, Small Business Growth, Banking Sector, Credit Availability, Financial Literacy, Pakistan

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Published

2024-03-21

How to Cite

Tariq Mahmood, Moavia Saleem, & Muhammad Faisal. (2024). The Role of Banking in Fostering Entrepreneurship and Small Business Growth in Pakistan. Journal of Business and Management Research, 3(1), 450–459. Retrieved from http://jbmr.com.pk/index.php/Journal/article/view/138