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Benazir Income Support Program
The Government of Pakistan has announced significant updates to the Benazir Income Support Program (BISP), aimed at providing more financial support to its beneficiaries. This initiative is a part of the government’s ongoing efforts to alleviate poverty and support vulnerable families across the country. In this update, regular BISP beneficiaries will continue to receive their usual installment of PKR 10,500, and certain eligible recipients may see their payments increase to PKR 13,500 by January 2025.
Additionally, the government has introduced a new payment method involving six partner banks to ensure smoother and more efficient distribution of funds. This article will delve into the details of these changes, the new payment methods, updates to the beneficiary survey, and other important aspects of the program.
Increase in BISP Payments
One of the most significant announcements from the government is the increase in payments for some BISP beneficiaries. While regular beneficiaries will continue to receive their standard installment of PKR 10,500, a select group of eligible recipients will see their payments rise to PKR 13,500 starting January 2025. This increase is part of the government’s commitment to providing better financial support to those in need.
The additional funds are expected to help families cover essential expenses such as food, education, and healthcare, thereby improving their overall quality of life. This step underscores the government’s dedication to enhancing the welfare of its citizens and addressing the economic challenges faced by low-income families.
New Payment Method Introduced with Six Partner Banks
To enhance the efficiency and reach of BISP payments, the government has partnered with six major banks: JazzCash, EasyPaisa, Alfalah Bank, Punjab Bank, National Bank, and HBL, including their microfinance branches. These banks are now authorized to distribute BISP payments across Pakistan, making it easier for beneficiaries to receive their funds. For instance, in Multan, Alfalah Bank is responsible for processing the payments.
This new payment system aims to reduce delays and ensure that beneficiaries receive their installments promptly. However, there has been a slight delay in the current installment as the banks update their systems and address any issues faced by female beneficiaries. Despite these initial challenges, the partnership with these banks is expected to streamline the payment process and make it more accessible for all recipients.
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Updated Beneficiary Survey and Eligibility Check
The BISP has also updated its beneficiary survey and eligibility check process to ensure that the support reaches those who need it the most. The National Socio-Economic Registry Survey (NSER) has been revised to include more accurate and comprehensive data collection methods. Regular beneficiaries who have been informed of their eligibility under the Kafalat Program are now fully eligible and will receive their installments this month.
For those registered under the “Dynamic Registry” status, there is no need to visit any offices repeatedly. Instead, beneficiaries can check their status online via the BISP portal at “8171.bisp.gov.pk” or by sending “8171” in an SMS for assistance. This updated survey process aims to reduce bureaucratic hurdles and ensure that eligible families receive their support without unnecessary delays.
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Child Education Stipends under BISP
In addition to the regular financial support, BISP has introduced child education stipends to further assist families in need. Although these stipends have not yet been released in most areas, they are available in a few cities. The government is actively working to ensure that all eligible children receive these payments promptly. The stipends include additional bonuses for students who advance to the next class, providing an extra incentive for educational achievement. For example, students completing the fifth grade may receive an extra bonus of PKR 1,000. This initiative aims to encourage education among children from low-income families, helping to break the cycle of poverty and promote long-term socio-economic development.
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Utility Store Subsidy and 8070 Code for Punjab
Another important update is the restoration of the utility store subsidy for female beneficiaries of BISP in Punjab. The government has reissued the 8070 code specifically for women in this region, allowing them to receive essential goods such as livestock, including cows, buffaloes, or three goats. This subsidy is designed to help women sustain themselves and their families by providing valuable assets that can generate income. Widows and regular beneficiaries in Punjab with low poverty scores are encouraged to apply for this subsidy, which supports them in maintaining a basic livelihood. By providing these resources, the government aims to empower women economically and enhance their ability to support their households independently.
Also Read: New NSER Survey Process for Ineligible Women – Big Opportunity for Disqualified Applicants
Conclusion
The recent updates to the Benazir Income Support Program reflect the Government of Pakistan’s ongoing commitment to supporting vulnerable families and alleviating poverty. By increasing payments for certain beneficiaries, introducing a new payment method through six partner banks, and updating the beneficiary survey and eligibility check process, the government is making significant strides in ensuring that financial support reaches those who need it most. Additionally, the introduction of child education stipends and the restoration of the utility store subsidy for women in Punjab further demonstrate the program’s comprehensive approach to improving the socio-economic conditions of its beneficiaries. These initiatives not only provide immediate financial relief but also promote long-term economic stability and empowerment for families across Pakistan. As the program continues to evolve, it holds the promise of creating a more equitable and prosperous society for all its citizens.