Last Updated on: 6th December 2024, 08:01 am
Great news for all beneficiaries of the Benazir Kafaalat who are receiving the quarterly installment! Eligible women can now head to their area bank counters to register for the BISP Bachat Scheme. This initiative gives a 40% benefit on monthly installments so that poor people can get cash assistance to fulfill their daily needs.
What do you mean by Benazir Bachat Scheme?
The Benazir savings scheme allows beneficiaries to save money in their bank accounts, earning interest on withdrawals. This additional benefit will help poor families improve their financial condition.
Registration for Savings Scheme 2024-25
The Benazir Income Support Program recently announced this BISP Bachat initiative, and registrations are already in process. If you’re eligible and have a bank account, visit the nearest registration desks in Lahore or other districts. To start, deposit an installment between Rs. 500 and Rs. 1000 as your initial savings.
Apply Online In BISP Bachat Program
You can register online for the BISP Bachat Program by following these four steps:
- Simply visit this website at http://savings.bisp.gov.pk on your mobile phone.
- After that, verify your eligibility on the BISP savings page.
- Thirdly Fill out the form with your details, including your ID card number.
- You can submit the application once all information is complete.
Eligibility Requirements
If you wish to join the Benazir savings program, you must complete these requirements:
- Be a Pakistani resident.
- Have a PMT score between 10-40.
- Not hold a government job.
- Own no more than 2 acres of land.
How You Benefit Through the Benazir Bachat Scheme
People save between Rs. 500 and Rs. 1000 monthly and receive a 40% benefit on their savings. The scheme runs for two years, after which you can withdraw your total amount. While savings remain locked during this period, you can easily access benefit funds added by the BISP Program anytime.
Covered Regions in the BISP Bachat Scheme
The BISP Bachat Program has launched in regions including Islamabad, Lahore, Karachi, Peshawar, Muzafrabad, Lucky-Marwat, Quetta, Qila Saifullah, Sukkur, Multan, and Gilgit & Astoor. We will add more regions in subsequent phases.
Last Words
This BISP Bachat Scheme not only promotes saving habits but also gives a safety net for deserving households during challenging times. Eligible beneficiaries can register and take advantage of this opportunity for financial growth and stability.