Sat. May 25th, 2024

BREAKING NEWS: Benazir Income Support Program Verification about Payment

BISP New Payment Update:

The Benazir Income Support Program (BISP) in Pakistan has introduced a new payment system to address current challenges and enhance transparency and efficiency. Since its inception in 2008, the program has encountered issues such as transparency, corruption, and fraud. In collaboration with the Ministry of Poverty Alleviation and Social Safety Department, BISP aims to overcome these challenges with the implementation of the new payment system.

BISP New Payment System Features:

Stipend Increase:
The BISP Board has approved a 25% increase in the stipend for beneficiaries, raising the quarterly stipend from 7,000 to 8,750 rupees.

Proper Targeting:
BISP will employ a combination of methods to identify eligible beneficiaries, ensuring that support reaches those most in need.

Bank Accounts:
Beneficiaries are instructed to open bank accounts in their own names, facilitating direct transfer of payments to their accounts.

Pilot Project:
The new payment model will undergo testing in four selected districts through a pilot project. Successful implementation will enable beneficiaries nationwide to open bank accounts to receive BISP payments.

READ MORE: Benazir Income Support Program Registration

Internship Program Update:

BISP has initiated an internship program, allowing recent graduates interested in working with BISP to gain valuable experience for their professional careers.

NADRA Support:
BISP has sought assistance from NADRA (National Database and Registration Authority) to facilitate the issuance of CNICs (Computerized National Identity Cards) for individuals in remote areas of Balochistan, necessary for bank account procedures.

BISP New Payment System Features:

For More Information: Ehsaas Program Registration 8171

Benefits of the New Payment System:

Enhanced Transparency:
Direct payments to beneficiaries’ accounts eliminate intermediaries, enhancing the overall transparency of the program.

Improved Efficiency:
The new system reduces administrative and transaction costs, streamlining the entire process for greater efficiency.

Greater Convenience:
Beneficiaries can now access money transfers from anywhere and at any time, providing greater convenience.

Better Targeting:
The new payment system ensures that only eligible beneficiaries receive money transfers through appropriate banking channels, enhancing program targeting.

ALSO READ: BISP 8171 Result Check By CNIC And SMS

Frequently Asked Questions:

What is BISP?
BISP, or the Benazir Income Support Program, is a social safety program providing financial assistance to needy citizens.

What is the new system introduced by BISP?
The new payment system allows beneficiaries to receive payments directly into their bank accounts.

What are the benefits of the new payment system?
The new system enhances transparency, efficiency, convenience, and targeting of the program.

Who are the beneficiaries of BISP?
Beneficiaries are needy, underprivileged, and disadvantaged citizens across the country.

READ MORE: Affirm Starts Of BISP Update

Conclusion:

BISP’s implementation of the new payment system marks a significant advancement in improving transparency and efficiency. This system not only benefits recipients by providing convenient access to funds but also enhances the overall effectiveness of the program. With the pilot project underway, successful implementation could lead to positive changes nationwide.

ALSO READ:  8171 Ehsaas Program Availing Payment