BISP Kafaalat Boosts Quarterly Payments for Families
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Under its Kafaalat initiative, the Benazir Income Support Programme (BISP) has announced a large increase in quarterly payments, providing much-needed assistance to underprivileged households throughout Pakistan. The government’s dedication to helping disadvantaged households in these hard economic times is reflected in this update.
Quarterly Payments Increased by Rs 3,000
Chairperson Rubina Khalid affirmed that Kafaalat beneficiaries will receive a 3,000 rupee increase in quarterly payments, bringing the total to Rs 13,500 instead of Rs 10,500. The goal of this increase is to alleviate the mounting strain that rising food costs and inflation are placing on low-income families.
BISP Kafaalat: Pakistan’s Largest Cash Transfer Program
The largest cash transfer program in Pakistan, BISP Kafaalat, was introduced in 2008 with the goal of helping the most needy households in the nation. In line with the Sustainable Development Goals (SDGs) of the UN, the initiative aims to:
the decrease of extreme poverty.
women’s empowerment in underprivileged areas.
defense against the effects of unstable economies.
Supporting Over 9.3 Million Families
With a goal of reaching 10 million people by 2025, the BISP Kafaalat program is already helping over 9.3 million families. All enrolled families will begin receiving the updated payment of Rs 13,500 per quarter in January 2025.
Improved Payment Accessibility
The government has broadened the network of partner banks and payment systems to guarantee beneficiaries may conveniently access their payments. Now, recipients can take their money out using:
Bank Al Falah
Bank of Punjab
Mobilink Microfinance Bank (JazzCash)
Telenor Microfinance Bank
HBL Microfinance
This expansion makes it more convenient for families across Pakistan to receive their financial assistance without unnecessary delays or challenges.