BISP Brings Solutions for Beneficiaries Facing Payment Difficulties
The Beneficiaries Facing Payment Difficulties (BISP) is one of Pakistan’s largest social assistance programs, created to provide financial support to low-income households. However, some beneficiaries face challenges in accessing their funds, particularly in remote areas like South Waziristan. Recognizing these difficulties, BISP has introduced several solutions to ensure timely and easy access to payments for all beneficiaries.
People in South Waziristan Facing Difficulty in Receiving Cash
Many BISP beneficiaries in South Waziristan and other rural areas have struggled to receive their payments due to limited access to banks and ATM services. Often, they have to travel long distances to collect their funds, facing high travel costs and occasional delays due to network or logistical issues. These challenges disrupt their access to essential financial support and increase dependency on cash agents, who sometimes charge extra fees.
BISP, in collaboration with the State Bank of Pakistan (SBP), has acknowledged these issues and is working on solutions to ease the process for beneficiaries, making it more convenient, accessible, and transparent.
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Solution for Delays in Payments
To address delays, BISP has rolled out a system that allows beneficiaries to track and receive their payments through a digital framework. This system offers multiple ways for beneficiaries to access their funds securely and easily:
- BISP 8171 SMS Service: Beneficiaries can send their CNIC number to 8171 to check payment status and confirm when the next payment will be released. This SMS system is cost-effective and allows beneficiaries to receive real-time updates without needing internet access.
- BISP Sahulat Accounts: SBP has introduced the BISP Sahulat Account system, enabling beneficiaries to open bank accounts at nearby branches with a one-time visit. These accounts offer a secure and efficient way to directly receive funds, minimizing the need for physical cash centers and reducing dependency on intermediaries.
- Mobile Wallets: To make the process more accessible, BISP is also piloting partnerships with mobile wallet services, allowing beneficiaries to access payments directly on their mobile devices. This initiative is especially helpful for beneficiaries with limited access to banks.
BISP Beneficiaries Will Receive Payments via Six New Banks
As part of its payment modernization initiative, BISP has expanded its banking network to include six additional banks. This move allows beneficiaries to choose from a wider range of financial institutions for payment collection, thereby reducing crowding and delays at individual branches. The selected banks include major institutions with branch networks in rural and urban areas, allowing beneficiaries to choose the bank closest to them.
This expanded network is expected to greatly reduce travel time and make payment collection more convenient. Beneficiaries are encouraged to register with the bank of their choice, where they can also open BISP Sahulat Accounts for secure and direct fund transfers.
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Benazir Kafalat Latest Registration Detail [Update]
To ensure that all eligible families have access to financial support, BISP has simplified the registration process for the Benazir Kafalat Program. Eligible households can apply for the program at the nearest BISP office or by sending their CNIC to 8171. The program primarily targets low-income households and provides monthly stipends to help with basic expenses.
Eligibility Requirements:
- Applicants must fall below a certain income threshold, verified through the National Socio-Economic Registry (NSER).
- Only one individual per family, usually the female head, can register for Kafalat benefits.
Once registered, beneficiaries receive PKR 10,500 quarterly payments, which are disbursed directly to their bank or mobile wallet accounts. The recent inclusion of mobile wallet options and bank partnerships has also made registration more accessible for those without direct access to banking services.
Conclusion
The BISP program, Beneficiaries Facing Payment Difficulties through its recent updates and payment solutions, is making significant strides to support low-income families across Pakistan. By addressing accessibility challenges and offering new ways for beneficiaries to receive funds—whether through bank partnerships, the BISP Sahulat Account, or the SMS service—BISP ensures that financial assistance reaches those who need it most without unnecessary delays. Beneficiaries facing difficulties are encouraged to use the available support lines or visit their nearest BISP office for assistance with registration and payment tracking. These efforts mark a positive step towards a more inclusive and responsive social support system in Pakistan.