Exciting News BISP Kafalat Installment: Discover the Approved Banks for 10,500 Rupees Withdrawal
The Benazir Income Support Program is revolutionizing the way it operates, benefiting millions of deserving individuals in Pakistan. Monthly assistance of Rs 10,500 is provided to qualified recipients, with a promising increment of Rs 3,000 set for 2024. To enhance the payment process, BISP has introduced a new method where recipients can withdraw their Kafalat Payment from ATMs through six approved banks, a significant shift from the previous method involving campgrounds or retail outlets.
Benazir Kafalat New Payments Through Banks
The BISP Program is dedicated to supporting low-income families through monthly Kafalat payments to alleviate financial strains. This program also empowers women with skill training, enabling them to contribute as primary breadwinners and secure education for their children. Each qualifying household currently receives Rs 10,500 every three months, set to increase to Rs 12,500 in January 2025. With over 9.3 million families already benefiting from the program, the government aims to extend its aid to 10 million families by the upcoming year.
List Of Eligible Banks For Cash Withdrawal
- Al Falah Bank
- Punjab Bank
- Jazzcash/Mobilink Microfinance
- Bank Telenor Microfinance
- Habib Bank, Inc.
- HBL Microlending
BISP Introduces New Banking System For 2025
Previously, beneficiaries had to queue at Habib Bank Limited (HBL) to receive their financial aid, resulting in long waiting times. The introduction of multiple banks now allows eligible households to withdraw Rs 10,500 more conveniently. This approach enables cooperation with six banks to ensure timely and full installment payments, aligning with BISP’s goal of financially supporting deserving women.
Completing BISP Registration Via Nser Survey
Following these steps ensures successful registration for the BISP Program:
- Visit the BISP tehsil office to fill out the NSER survey form.
- Provide your CNIC number and furnish family and home details.
- Thoroughly review the form before submission.
- Your thumbprint will be taken within seven days for verification.
- Expect a verification text post-processing, followed by payment from the local BISP EHSAAS center.
Conclusion
The Benazir Income Support Program continues to serve as a lifeline for deserving families across Pakistan, offering essential financial aid. The revamped banking system and expanded bank network for Kafalat installment withdrawals enhance accessibility for beneficiaries. By fostering education and skill development, the program strives to uplift families from poverty, exemplifying a commitment to transformative social impact.
FAQs
Explore some commonly asked questions about the BISP Kafalat Installment:
- What is the BISP Kafalat Installment?
– The BISP Kafalat Installment is a cash assistance program under the Benazir Income Support Program (BISP), aiding vulnerable families in meeting basic needs. - Who is eligible for the BISP Kafalat Installment?
– The eligibility criteria for the BISP Kafalat Installment are based on a means test evaluation, extending assistance to families below a specified income threshold. - What is the amount of the BISP Kafalat Installment?
– The current BISP Kafalat Installment offers Rs 10,500. - When are the payouts for the BISP Kafalat Installment disbursed?
– Generally, the payouts for the BISP Kafalat Installment occur on a quarterly basis, with payout dates subject to change.
Province-wise Eligible Banks
| Province | Eligible Banks |
|---|---|
| Punjab | Habib Bank Limited (HBL) |
| Sindh | Habib Bank Limited (HBL) |
| Balochistan | Habib Bank Limited (HBL) |
| Khyber Pakhtunkhwa (KP) | Bank Alfalah |
| Gilgit-Baltistan (GB) | Bank Alfalah |
| Azad Jammu and Kashmir (AJK) | Bank Alfalah |
