BISP Kafalat Installment: Discover the Authorized Banks for 10,500 Rupees Withdrawal
The Benazir Income Support Program (BISP) plays a significant role in Pakistan by providing financial assistance to eligible individuals through the Kafalat Monthly Payment initiative. Starting in 2024, the monthly aid amount of Rs 10,500 will be increased by Rs 3,000. Previously, beneficiaries collected their payments from Campsites or retail outlets. Now, BISP has enhanced its payment system, allowing beneficiaries to withdraw funds from ATMs operated by six designated banks.
Empowering Families through Benazir Kafalat Payments via Banks
BISP aims to support underprivileged families by offering Kafalat Monthly Payments, enabling women to receive skill training to become providers for their households and ensuring children’s educational needs are met adequately.
The government currently disperses Rs 10,500 to eligible families every three months, with plans to increase this amount to Rs 12,500 by January 2025. Over 9.3 million families have already benefited from the program, with a goal of reaching 10 million families in the near future. To streamline operations, the number of banks facilitating BISP Kafaalat installment withdrawals in Punjab has been increased.
List of Authorized Banks for Cash Withdrawal
- Bank Al Falah
- Bank of Punjab
- Mobilink Microfinance/Jazzcash
- Telenor Microfinance Bank
- Habib Bank Limited
- HBL Microfinance
BISP Introduces Enhanced Banking System for 2025
Initially, eligible individuals had to queue at Habib Bank Limited (HBL) for financial aid. Now, beneficiaries can withdraw Rs 10,500 from various institutions, as BISP has secured agreements with six banks. This strategic move ensures timely and full payment disbursement to all recipients without any delays or deductions.
Rubina Khalid noted that BISP has implemented a new financial framework leveraging the resources of multiple institutions to provide financial aid, particularly to deserving women.
Registration Process for BISP via NSER Survey
- Visit the BISP tehsil office to complete the NSER survey form.
- Register your household and family details with NSER, including your CNIC number.
- Review the form for accuracy to prevent delays.
- Your thumbprint will be collected within seven days for eligibility verification.
- Upon processing, await the verification text.
- The BISP EHSAAS center in your district will release the requested payment.