Contribution of the Banking Sector to Entrepreneurial Development; Paradigm Interventions and Enterprise Proliferation

Document Type : Research Paper

Authors

1 School of Management Jiujiang University, China

2 Department of Business Administration, Asian University of Bangladesh

3 Assistant Professor Department of Management Studies University of Barishal, Barishal-8254, Bangladesh E-mail: aamasud@bu.ac.bd ORCiD ID: 0000-0001-9345-4703

4 Department of Business Administration, The International University of Scholars, Dhaka-1212, Bangladesh

5 Faculty of Entrepreneurship and Business, Universiti Malaysia Kelantan

Abstract

This study attempts to investigate some socio-economic parameters concerning the development of entrepreneurship of the banks’ members. For this study, researchers chose Grameen Bank (GB) of Bangladesh. On the basis of proportionate stratified sampling, respondents were selected from different branches of Grameen Bank in Bangladesh. The total sample of the study included 750 respondents. A constructed questionnaire was used to collect data, and used SPSS and Decision Analyst Stats 2.0 software for analyzing data. Different statistical tools also (T-test, Correlation Coefficient, and ANOVA) were used to analyze data. The result of the study shows that the level of new small business initiatives by banks’ customers has increased significantly. The result also shows that the new business opening rate was high at the beginning of the membership. Therefore, the data reveal that the contribution of the Grameen Bank in providing funding to small and medium enterprises has been discussed. It discovers that, empirical evidence suggests that socio-economic conditions have significantly persuaded for becoming an entrepreneur of customers by the bank’s loan and credit program. The outcomes of the present study will be helpful for GB authority, policy makers and bank’s customer to take appropriate decision.

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Iranian Journal of Management Studies

Articles in Press, Accepted Manuscript
Available Online from 28 September 2022

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