The Pakistani federal government’s cash-based initiative to reduce poverty is called the Benazir Income Support Program (BISP). The program, introduced in July 2008, is the most significant security initiative in the nation.5.4 million recipients received payments totaling 90 billion rupees in 2016. President Asif Ali Zardari gave Yousaf Raza Gillani the order to create the Benazir Income Support Scheme in 2008. The program bears Benazir Bhutto’s name, the deceased former prime minister, and President Asif Ali Zardari’s wife in 2007.
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What is the amount of money that is given?
After confirming their eligibility and qualifications, the funds are distributed to low-income families in need and below the poverty line. The Government of Pakistan has raised the amount of money provided to impoverished families from 8500 Rupees to 9000 Rupees to help them feel more comfortable satisfying their necessities.
What is the background of BISP?
Since 2005, severe inflation and rising food and gasoline prices have devastated the purchasing power of many Pakistani families. To deal with the decreased supply, BISP was created to address this issue. By giving money directly to women in households, BISP seeks to empower women and promote economic development.
The Benazir Income Support Scheme was implemented in Khyber Pakhtunkhwa, Balochistan, Sindh, and Punjab. The initiative is also operational in the Islamabad Capital Territory and the federally administered Azad Jammu and Kashmir regions.
Who Qualifies?
- A family’s monthly income must be less than Rs 60000 to qualify for BISP payments.
- Applicant must be female and present a legitimate household identity.
- Applicants must be female widows or divorcees without male relatives.
- Families with members who have a mental or physical disability are eligible.
Who is not qualified?
Families determined to be ineligible for BISP cash assistance include:
- People who work for the Pakistani military, government, or other government employees who work for related organizations.
- Retirees who received government grants or those who retired later.
- Family members own over 80 square meters of dwelling space or over 3 acres of agricultural land.
- Participants who make money in other ways.
- Members who own foreign national ID cards.
- Members have bank accounts and microfinance institutions, except those that assist affluent families.
| Aspect | Details |
| Program Name | Benazir Income Support Program (BISP) |
| Initiation | July 2008 |
| Total Recipients (2016) | 5.4 million |
| Total Payments (2016) | 90 billion rupees |
| Amount of Money Given | Increased from 8500 Rupees to 9000 Rupees |
Conclusion
The government of Pakistan has launched a new project to assist human development through cash transfers, which is an excellent addition to the already excellent Benazir Income Assist Program. Additionally, it will introduce the Waseela-e-Taleem program, which will give qualifying families of elementary school pupils cash compensation. You should apply if you are qualified.
Also Read: Latest Update Check Eligibility for 8123 Ehsaas Rashan Program in 2024
FAQs
What is Benazir’s monthly income support payout?
The Benazir Income Support Program candidates would now receive a stipend of 9000 Rupees in 2024 instead of the previous year’s 8500 Rupees.
For whom is BISP eligible?
Applicants for this program must meet all qualifying conditions and have a monthly family income of less than 60000 Rupees.
