Bisp beneficiaries can now receive their Benazir Income Support Program (BISP) amount directly from their bank accounts, including the elderly. The program, which has a beneficiary-centric payment model, has been piloting in seven districts.
The committee discussed the progress of the project, which follows a “beneficiary-centric payment model,” and also discussed reports from the Pakistan Poverty Alleviation Fund (PPAF) and BISP.
The BISP Secretary announced an initiative to establish bank accounts for all beneficiaries, enabling direct access to funds at bank branches. A three-month trial will assess its effectiveness in urban areas. The goal is to enable recipients to withdraw funds from any bank across the country, enhancing accessibility and transparency through streamlining processes and reducing manual methods.
Beginning in January 2024, new BISP cards will help 130,000 women
BISP officials revealed that 130,000 women beneficiaries face thumb verification challenges, and special cards will be provided in January to address this issue. This will enable them to withdraw 13500 Cash from their BISP accounts. Officials highlighted the disparities in banking infrastructure, as most BISP users reside in rural regions, while the country’s 17,000 bank branches are mainly concentrated in urban areas.
The BISP system is set to undergo full automation to improve transparency and efficiency. Chairman Mir Ghulam Ali emphasized the need for modernization to better serve beneficiaries and streamline operations. The BISP system is aiming to enhance accessibility, convenience, and transparency in cash distribution for 10 million beneficiaries, including a pilot project and special cards for women facing verification difficulties.
Conclusion
The BISP is launching a program to open bank accounts for 10 million beneficiaries, aiming to improve accessibility, transparency, and convenience in cash distribution. The program is piloting a beneficiary-centric payment model and introducing special cards for women, demonstrating inclusivity and modernization.