Abstract
In recent years, microfinance has been a primary policy for combating
poverty and socio-economic development worldwide. The common perception
about microfinance is that it’s simply about helping the poor by providing
microloans and other financial services thus enabling sustainable socioeconomic growth. The paper delineates the current perspectives of
microfinance and its coexistence with the current social order and connection
with the liberal cultural ideals. It is argued that microfinance has aggravated
the problems for society instead of reducing it. This paper analytically
analyzes microfinance and traces its underlying values. The analysis is based
on the theory presented by Bishop (2007) that social science is deeply colored
with liberal cultural ideals and commitment to these values has serious
consequences in societies. It is being argued that the scheme provided by
microfinance for poverty alleviation be aligned with the political agenda of
liberals. It manipulatively influences governments to emasculate a wide range
of developmental and progressive policies for society. Moreover, the current
microfinance policy runs deeper than just changing the economic system of
the country.
Amir Saeed, Anam Tariq. (2019) Microfinance as a Vehicle of Liberal Political Ideals and Pakistani State, Putaj Humanities And Social Science, Volume-26, Issue-1.
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