Nine Million BISP Beneficiaries Now Receiving Payments Through Banks

BISP Beneficiaries Now Receiving Payments Through Banks

The Benazir Income Support Programme (BISP), Pakistan’s largest social welfare initiative, has hit a remarkable milestone. Now, 9 million families across the country are receiving financial Nine Million BISP Beneficiaries support via banks, streamlining the payment process and making it more accessible for beneficiaries. This program, which has been instrumental in supporting low-income households since its launch in 2008, continues to evolve to meet the growing needs of Pakistan’s vulnerable communities.

Overview of BISP and the Benazir Kafaalat Initiative

Launched in 2008, BISP was created to provide direct financial assistance to impoverished families in Pakistan. Initially, it started as a Nine Million BISP Beneficiaries regional initiative but has since expanded to support over 9.3 million families, with plans to reach 10 million by the following year. Under its umbrella, the Benazir Kafaalat program offers quarterly cash transfers to families in need, enabling them to cover basic living expenses such as food, education, and healthcare.

This program is a cornerstone of Pakistan’s efforts to combat poverty and support women’s financial independence, particularly in low-income, female-headed households.

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Key Objectives of BISP

The Benazir Income Support Programme is focused on achieving several important social and economic goals:

Financial Relief: Providing essential financial assistance to families, especially during times of economic hardship, such as inflation or unforeseen crises.
Poverty Reduction: Ensuring families can meet their basic needs, thereby contributing to broader efforts to reduce poverty and promote economic stability.
Women Empowerment: The program has a significant focus on female-headed households, ensuring women have access to financial resources and are empowered to manage their families’ welfare.
Supporting the SDGs: BISP aligns with Pakistan’s commitment to the United Nations Sustainable Development Goals (SDGs), especially in the areas of poverty reduction, hunger alleviation, and gender equality.

Quarterly Payment Schedule and Payment Increase in 2025

BISP beneficiaries receive payments quarterly, which allows families to manage their budgets over a three-month period. Currently, Rs. 10,500 is provided every three months, which helps support basic needs. However, starting January 2025, the payment Nine Million BISP Beneficiaries amount will increase to Rs. 12,500 per quarter. This increase is part of the government’s efforts to better address the rising cost of living and provide more substantial financial relief to those who need it most.

Payment Details at a Glance

Payment Frequency	Current Amount (Rs.)	New Amount (Rs.) (From Jan 2025)
Every 3 months	10,500	12,500

Expansion of Bank Partners for Easier Payment Access

To further enhance the accessibility of BISP payments, the program has expanded its network of partner banks. Initially, beneficiaries could only withdraw their payments from Habib Bank Limited (HBL), which often led to long wait times and logistical challenges.

Now, with the addition of multiple banks, beneficiaries have more options for withdrawing their payments from locations closer to home, reducing the burden of long queues and travel.

List of Eligible Banks for BISP Withdrawals

Here is a list of the banks now supporting BISP payment withdrawals:

Habib Bank Limited (HBL) – Commercial Bank
Bank Al Falah – Commercial Bank
Bank of Punjab – Provincial Bank
Mobilink Microfinance Bank / JazzCash – Microfinance Bank
Telenor Microfinance Bank – Microfinance Bank
HBL Microfinance – Microfinance Bank

With these expanded banking options, beneficiaries have greater Nine Million BISP Beneficiaries flexibility in accessing their payments and can collect their funds more efficiently.

Registration Process for BISP

To apply for the Benazir Income Support Programme, eligible families must follow a straightforward registration process:

Visit the BISP Official Website: Go to the BISP portal to begin the registration process.
Create an Account: Applicants need to fill in personal details, including their National Identity Card (CNIC) number, phone number, and residential address.
Verification Process: The system will verify the applicant’s information to ensure they meet the eligibility criteria.
Application Submission: After completing the application form and submitting necessary documents, applicants will receive a confirmation and the status of their eligibility.

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Eligibility Criteria for BISP

To qualify for BISP financial assistance, applicants must meet the following criteria:

Residency: The applicant must be a permanent resident of Pakistan, with a verified address in one of the eligible regions.
Household Income: The combined annual household income must fall below a certain threshold, which is evaluated based on the applicant’s financial background.
CNIC: The applicant must have a valid CNIC (Computerized National Identity Card).
Family Size: Families with more members typically have a higher chance of qualifying due to their increased financial needs.
Women: Female-headed households are prioritized, in line with BISP’s focus on women empowerment.
No Existing Support: The applicant should not already be receiving any other government cash transfer or welfare program support.

How to Check BISP Eligibility and Payment Status

Once registered, applicants can easily check the status of their BISP application and whether they qualify for financial assistance:

Visit the BISP Website: Go to the official website at peef.org.pk and use the available tool to check the eligibility status.

SMS Service: Beneficiaries can also check their status by sending an SMS to the designated BISP helpline.

Customer Service Centers: BISP operates service centers in various regions, where applicants can inquire in person about their application status.

Conclusion

The Benazir Income Support Programme (BISP) continues to be a life-changing initiative for millions of Pakistan’s most vulnerable Nine Million BISP Beneficiaries families. The shift to bank-based payment distribution is a major leap forward, making it more convenient and efficient for beneficiaries to collect their funds. Coupled with an increase in the payment amount, this initiative is set to provide much-needed relief to low-income households, helping them to better manage their living expenses.

FAQs

1. How much do BISP beneficiaries receive every three months?
Currently, BISP beneficiaries receive Rs. 10,500 every three months. This amount will increase to Rs. 12,500 from January 2025.

2. Which banks can I use to withdraw my BISP payments?
Beneficiaries can now withdraw payments from Habib Bank Limited (HBL), Bank Al Falah, Bank of Punjab, Mobilink Microfinance Bank, Telenor Microfinance Bank, and HBL Microfinance.

3. How can I check if I am eligible for BISP assistance?
You can check your eligibility on the official BISP website or by sending an SMS to the designated helpline.

4. What is the payment schedule for BISP?
BISP makes payments every three months, with the next increase in the amount set for January 2025.

5. How can I apply for BISP financial assistance?
To apply for BISP, visit the official website, create an account, and submit your application along with the required documents for verification.

Good News: Nine Million BISP Beneficiaries Now Receiving Payments Through Banks