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BISP to Change the Payment System After Four YearsBISP to Change the Payment System After Four Years

Last Updated on: 28th September 2024, 02:56 pm

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There is an important update for all those who are joining the Benazir Income Support Programme (BISP) and intend to register for the increased amount of Rs 13500. After four years, BISP has introduced a new payment procedure to make it easier for new and existing beneficiaries of the Kafaalat Program to receive the complete amount at nearby partner bank branches. This change will significantly reduce the travel distance for the beneficiaries.

BISP to Change the Payment System After Four Years

BISP to Change the Payment System After Four Years

In a TV program, Naveed Akbar, Director General of BISP, recently shared an update on deductions from monthly Kafaalat installments. To address this issue, BISP is transitioning to a more digital and transparent payment method that will reduce payment deductions and eliminate the need for people to undertake long and frequent journeys to receive their monthly stipend.

BISP has now partnered with six more banks and asked them to set up at least two collection points in each Union Council zone. This change will enable beneficiaries in rural areas to easily get their payments without having to travel long distances.

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New Kafaalat Payment System for Distribution of Rs 13500

BISP also announced a 20% increase in its quarterly payment, in line with the directives of President Asif Ali Zardari and the Government of Pakistan. This increase in installments means that all eligible women will receive Rs 13500 from January 2025 through a new transparent banking system.

Beneficiaries can now withdraw their Rs 13500 from any designated ATM through biometric verification, thus avoiding long queues and delays. This effort will improve convenience and comfort while the government bears additional costs and ensures that beneficiaries receive the complete amount.

Registration Procedure for the Benazir Income Support Programme

If you want to register with BISP, follow this 5-step brief guide:

  1. Visit the nearest Benazir Income Support Programme (BISP) office.
  2. Collect and fill the required forms during your visit.
  3. Send the completed form to the BISP office.
  4. If you are a widow, go to NADRA with your death certificate before applying at the BISP office.
  5. Once your details are approved, you can withdraw money from HBL Bank or the nearest collection point.

Payment Increase for the Next Kafalat Installment

In a recent media interview, Chairperson Rubina Khalid thanked Prime Minister Shehbaz Sharif for increasing the BISP budget. Therefore, starting from January 2025, the quarterly Kafalat payment will rise from Rs 10500 to Rs 13500.

Last Words

The BISP has developed the new Kafaalat payment system to improve accessibility and convenience for beneficiaries. By onboarding more partner banks, Jazzcash and Easypaisa, beneficiaries no longer have to travel long distances or stand in long queues to receive their payments. The new system provides greater transparency, minimises payment deductions, and increases the payment amount to Rs 13500, ensuring timely assistance to those needy women.

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