Benazir Income Support Program {BISP} News 2024

Benazir Income Support Program

The Benazir Income Support Program was established in 2008 by the Prime Minister of Pakistan Yousaf Raza on the advice of the President of Pakistan Asif Zardari. The program is named in tribute to former Prime Minister Yusuf and President Asif Ali’s wife Benazir who was assassinated in 2007.

BISP seeks to empower women

Since 2005, the purchasing power of many Pakistanis has been eroded by high inflation and rising food and oil prices. In this background, BISP emerged as a tool to address the decline in purchasing power. Along with the program’s economic development goals, BISP seeks to empower women by offering direct cash transfers to housewives. BISP is currently Pakistan’s largest aid program and the third largest budget allocation program of the government. BISP expenditure is 0.3% of Pakistan’s GDP.

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Program’s inception

In the 2008-2009 fiscal year, over 3 million Pakistani families received cash transfers through BISP. This number is 1.5% of the general population and 10% of the population below the poverty level. For the 2009-2010 fiscal year, the program was expanded to cover 5 million low-income families. At the program’s inception in 2008, the Pakistani government allocated 34 billion rupees, or $425 million, to BISP. The following year, the allocation doubled to 70 billion rupees, or $875 million.

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BISP Planning

The Benazir Income Support Program is planning to launch a new initiative that encourages human capital development through conditional cash transfers. The Wasila Education initiative will make cash payments conditional on primary school enrollment of children from eligible families. On June 2017, BISP launched an e-commerce platform for its beneficiaries.

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Benazir Income Support Program (BISP)

The Benazir Income Support Program (BISP) is a federal unconditional cash transfer program for poverty reduction in Pakistan. Launched in July 2008, it was the country’s largest single social safety net program with around Rs. 90.

The program distributed 19,338 rupees (or about $195) annually, which was distributed monthly in 2016. The stipend is linked to the Consumer Price Index and is paid via smart card. The United Kingdom’s Department for International Development is the largest foreign supporter of the program, providing $244 million in total funding in 2016 (or 27 %) is being provided by the Government of Pakistan.

A separate ministry, the Ministry of Poverty Alleviation and Social Safety (PASS) was created and the Benazir Income Support Program was made part of the Poverty Alleviation and Social Security Division.

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Advantages of BISP

• Poverty is being eradicated in Pakistan under this program.
• This program has also helped families in small scale employment.
• These small businesses have also helped in the economic development of Pakistan.
• Under this program, poor people can continue their children’s education.
• Through this program women get basic education and manage their homes well.
• This money plays an important role in meeting household needs.

How to register in BISP?

For registration, visit your nearest BISP office and follow the few steps below and ensure your registration, which are listed below.

• Take your National Identity Card to Benazir office.
• The representative will register you.
• You will be asked some questions which you have to answer.
• A dynamic survey will be conducted.
• And you will be asked about your income and your family members.
• The poverty score will also be seen.
• After that, you will be disqualified.

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Eligibility

To be eligible for cash payments under BISP, families must earn less than Rs 6,000 per month. equivalent to $67. Further eligibility requirements state that:

• The family must have a female applicant with a valid identity card.
• An individual applicant must be a widow or divorced woman without male family members.
• Eligible families include persons who are physically or mentally disabled.
• Families considered ineligible for cash payments by BISP include:
• Employees of the Pakistani government, military, or any other government-affiliated agency
• Members receiving pension or post-retirement benefits from Govt.
• Family members owning more than 3 acres of agricultural land or more than 80 square yards of residential land
• Members earning income from other sources
• Members holding machine readable passports
• National Identity Card holders for overseas citizens
• Members holding bank accounts, excluding microfinance banks and caregivers of low-income families

Conclusion

Finally, the BISP serves as a lifeline for many families in Pakistan, offering a pathway to financial stability. By understanding the implications of the registration process, eligibility criteria, and financial aid distribution, eligible individuals can take full advantage of this program. BISP not only provides immediate relief but also contributes to the long-term well-being of vulnerable families, promoting a more inclusive and supportive society.

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