9 Million BISP Beneficiaries to Receive Payments via Banks
The Benazir Income Support Program (BISP) is a transformative initiative aimed at alleviating poverty and empowering vulnerable families in Pakistan. Since its inception in 2008, BISP has grown into a nationwide program, now reaching approximately 9.3 million families, with an ambitious target to support 10 million families by 2025.
Overview of BISP and Benazir Kafaalat
The BISP program, under its Benazir Kafaalat Scheme, offers critical financial assistance to low-income families. This initiative not only addresses immediate financial needs but also aims to foster long-term economic stability.
Objectives of the BISP Program:
Quarterly Payment Structure
Eligible families receive quarterly financial aid from BISP. As of now:
Expanded Banking Access for Payments
To make the payment process smoother and more efficient, BISP has expanded its network of partner banks. Previously, beneficiaries relied heavily on Habib Bank Limited (HBL), often causing long queues and delays. Now, multiple banks across Punjab and other regions are authorized for withdrawals, ensuring:
List of Eligible Banks for BISP Withdrawals
BISP beneficiaries under the Kafaalat scheme can now withdraw funds from the following banks:
This expansion reflects BISP’s commitment to improving accessibility and ensuring ease for its beneficiaries.