Last Updated on: 12th July 2024, 09:29 pm
Senator Rubina Khalid, Chairperson of Benazir Income Support Programme (BISP), announced improvements in the payment process for beneficiaries. This includes the addition of six new banks to make payments easier and more transparent, with an aim to reduce complaints about payment agents.
New Improvements in BISP Payment Model
Six more banks have joined Benazir Kafaalat‘s payment distribution network. These include Bank Al Falah, Bank of Punjab, Mobilink Microfinance, Telecom Microfinance Bank, Habib Bank Limited (HBL) and HBL Microfinance. These partnerships will enable users to transfer money between their financial institutions, including mobile transactions through JazzCash or EasyPaisa. The changes were officially announced at a ceremony attended by CEO Naveed Akbar and directors of the newly joined banks.
| Key Point | Related Details |
|---|---|
| New Bank Access | Six banks now support BISP payments: Bank Al Falah, Bank of Punjab, Mobilink Microlending, Telecom Micro Bank, HBL, and HBL Micro. |
| Update | New payment sites and a digital payment system have been introduced to enhance transparency and minimize corruption. The Poverty Graduation Program for vocational training has been reinstated. |
Develop visibility and simplified grafts
BISP has set up special payment sites to ensure fair and efficient distribution of payments. Specialists work at these sites and offer assistance to beneficiaries, especially women who are often subject to exploitation. In addition, BISP and the Ministry of Information Technology (MOIT) are working together to launch a digital payment system. This system will enable better monitoring and management of transactions, promote transparency and reduce the risk of fraud.
Reinstatement of Poverty Graduation Program
BISP has relaunched the Poverty Graduation Program, which provides vocational training to its clients with the goal of helping them become self-sufficient. This previously suspended initiative could benefit around nine million families in Pakistan by enabling workers to improve their skills and support their families. The training program offers a wide range of skills, allowing students to choose those that match their interests and abilities.
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Advantages of the New BISP Payment Model
Improvements to the BISP payment system include:
- Addition of six new banks.
- Multiple payment options.
- Reduced dependence on POS agents.
- Increased flexibility and convenience.
- Improved overall experience for participants.
Every BISP Beneficiaries Will Be Treated Equally
To ensure fair and respectful treatment of all beneficiaries, especially women, dedicated payment pages have been set up. These websites provide beneficiaries with clear and secure environments to collect their payments. By reducing reliance on point-of-sale agents and adding digital payment options, BISP is significantly improving quality and equity.
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Last Words
The integration of six more banks into the BISP payment system represents a significant step forward in improving the efficiency and integrity of the program. With new payment options and the creation of dedicated payment pages, BISP aims to reduce complaints and ensure fair treatment of beneficiaries.
The reinstatement of the Poverty Completion Program underscores BISP’s commitment to helping people achieve self-sufficiency and food security.