Sat. Feb 1st, 2025
    Exciting Update BISP Programme to Open Bank Accounts for All Beneficiaries

    BISP Programme to Open Bank Accounts

    The officials of the BISP Programme to open a bank account for every beneficiary. According to sources, a meeting of the Poverty Alleviation Committee of the National Assembly was held under the chairmanship of Mir Ghulam Ali in which the issue related to the Benazir Income Support Program was discussed. The Secretary of the Benazir Income Support Program said that a bank account will be opened for every Benazir Income user, beneficiaries will also be able to withdraw money from bank branches.

    Mir Ghulam Ali announced that we are working on facilities for users to receive money from other banks. Our effort is that Benazir Income support program beneficiaries can withdraw money from any bank. The officials said that most of the beneficiaries of the Benazir Income Support Program belong to villages, most of the branches of the banks are in cities, so there will be difficulties. We suggest that the provision of money should continue through point of sale agents.

    Chairman of the Committee Mir Ghulam Ali said that the Benazir Income system should be on automation. The secretary said that the thumbs of 130,000 women beneficiaries of Benazir Income do not work, They will be issued special cards in January, we are shifting Benazir Income to banks, this will be a great success, all banks have agreed to open accounts for Benazir Income beneficiaries, we are going to start the first pilot project in 8 cities which will be for 3 months.

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    Bank Account Opening Process for Timely Payments

    Women who face issues with fingerprint verification can resolve their payment concerns by following a simple process. First, they need to visit their nearest NADRA office to update their fingerprint records. If the fingerprints cannot be updated, NADRA will issue a verification slip confirming the issue. This slip should then be taken to the nearest BISP office, where a form for Alternate Payment Method can be obtained. 

    After completing the form and attaching the NADRA-issued slip, it must be submitted back to the BISP office. BISP officials will forward the form to the relevant bank to open the beneficiary’s account. Once the account is successfully opened, the payments will be directly transferred to the beneficiary’s bank account.

    Exciting Update BISP Programme to Open Bank Accounts for All Beneficiaries

    Benazir Kafaalat New Registration Process 2025-26

    New registration for the Benazir Income Support Program has officially started, allowing women who are not yet registered to apply for financial assistance of Rs. 13,500 under the Kafalat program. To complete the process, women must visit their nearest BISP office with all required documents. At the office, they need to complete the NSER survey with the help of the representatives present. Once the survey is finalized, BISP will process the registration. Eligible applicants will be notified via SMS or letter. After meeting the eligibility criteria, the beneficiaries will begin receiving cash financial assistance every three months.

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    Pilot Project and Implementation Plan

    The BISP is planning a pilot project to test the new system in eight cities. This three-month project will provide valuable insights into the feasibility and effectiveness of the initiative before scaling it nationwide. The Secretary confirmed that all major banks have agreed to open accounts for the BISP beneficiaries, marking this as a substantial achievement.

    FAQs

    What is the latest decision by the Benazir Income Support Program (BISP) officials?
    BISP officials have decided to open a bank account for every beneficiary to facilitate easier and more transparent payment processes.

    How will beneficiaries receive their payments with the new system?
    Beneficiaries will be able to withdraw their payments directly from bank branches, and efforts are underway to allow withdrawals from any bank nationwide.

    What should women with fingerprint verification issues do?
    Women facing fingerprint verification problems should visit the nearest NADRA office to update their records. If the issue persists, NADRA will issue a slip, which must be submitted to a BISP office along with a form for an Alternate Payment Method.

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    Will point-of-sale agents still be used for payments?
    Yes, the officials have suggested continuing payments through point-of-sale agents, especially in rural areas where bank branches are not easily accessible.

    What is the Benazir Kafalat new registration process for 2025-26?
    Women who are not yet registered can visit the nearest BISP office with their required documents and complete the NSER survey. If eligible, they will be notified via SMS or letter and receive financial assistance of Rs. 13,500 every three months.

    What is the purpose of the pilot project mentioned by BISP?
    The pilot project will test the new bank account system in eight cities over three months to ensure its effectiveness before a nationwide rollout.

    When will the new system for fingerprint verification issues be implemented?
    Special cards for women with fingerprint issues will be issued in January 2025 as part of the transition to a bank-based system.

    Will the new system be automated?
    Yes, BISP aims to automate its system for better transparency and efficiency in payment distribution.

    How will beneficiaries be notified of their eligibility after new registration?
    Eligible beneficiaries will receive notifications via SMS or letters from BISP.

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    Conclusion

    The decision to open bank accounts for Benazir Income Support Program beneficiaries represents a milestone in modernizing financial aid distribution in Pakistan. By transitioning to an automated and bank-based system, the program aims to improve accessibility, transparency, and convenience for millions of beneficiaries across the country. With pilot projects already in the pipeline, this program has the potential to revolutionize how financial assistance reaches those in need. Stay connected for updates on this transformative development in the Benazir Income Support Program.