The federal government of Pakistan's cash-based initiative to reduce poverty is called the Benazir Income Support Program (BISP). The program, introduced in July 2008, is the nation's largest security initiative. 5.4 million recipients received payments totaling Rs 90 billion in 2016. Yousaf Raza Gillani was commissioned by President Asif Ali Zardari to set up the Benazir Income Support Scheme in 2008. The scheme is named after Benazir Bhutto, the late former Prime Minister and wife of President Asif Ali Zardari in 2007.
What is the amount of money given?
After confirming their eligibility and qualifications, the funds are distributed to needy low-income families below the poverty line. The Government of Pakistan has raised the amount of money provided to impoverished families from Rs 8500 to Rs 9000 to make them feel more comfortable in meeting their needs.
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What is the background of BISP?
Since 2005, high inflation and rising food and gasoline prices have devastated the purchasing power of many Pakistani families. To cope with the decrease in supply, BISHOP was created to solve this problem. By giving money directly to women in households, BISP seeks to empower women and promote economic development.
The Benazir Income Support Scheme has been implemented in Khyber Pakhtunkhwa, Balochistan, Sindh and Punjab. The initiative is also operational in the Capital Territory of Islamabad and the federally administered regions of Azad Jammu and Kashmir.
Who qualifies?
- A family's monthly income must be less than Rs 60,000 to be eligible for BISP payments.
- The applicant must be female and present a legitimate family ID.
- Applicants must be widowed or divorced women with no male relatives.
- Families with members with mental or physical disabilities are eligible.
Who is not qualified?
Families determined to be ineligible for BISP cash assistance include:
- Individuals working for the Pakistan Army, Government or other government employees working for related organizations.
- Retirees who received government subsidies or who retired later.
- Family members own more than 80 square meters of housing or more than 3 hectares of agricultural land.
- Participants who earn money in other ways.
- Partners holding foreign IDs.
- Members have bank accounts and microfinance institutions, except those that help affluent families.
| appearance | Details |
| Name of the program | Benazir Income Support Program (BISP) |
| Initiation | July 2008 |
| Total recipients (2016) | 5.4 million |
| Total Payments (2016) | 90 billion rupees |
| Amount of money given | It has been increased from Rs.8500 to Rs.9000 |
Conclusion
The government of Pakistan has launched a new project to help human development through cash transfers, which is an excellent addition to Benazir's already excellent income assistance program. It will also introduce the Waseela-e-Taleem scheme, which will give cash compensation to families of primary school students. You should apply if you qualify.
Read also: Latest Update Check Eligibility for 8123 Ehsaas Rashan Program in 2024
Frequently asked questions
What is Benazir's monthly income support payment?
Benazir Income Support Program candidates would now receive a stipend of Rs 9000 in 2024 instead of Rs 8500 in the previous year.
Who is BISP eligible for?
Applicants for this program must meet all eligibility conditions and have a monthly family income of less than 60000 rupees.
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