Benazir Income Support Program (BISP), Pakistan’s flagship social security program, received a substantial budget increase for BISP FY 2024. mitigation and social welfare.
Budget 2024: A Leap in Social Support
By 2024,budget increase for BISP by 31% and invested heavily in Pakistan’s social infrastructure. The increase is part of the government’s broader strategy to increase the economic empowerment of the poor and help the weaker sections of society.
BISP Ehsaas 8171 Program Budget 2024
A budget of Rs 346 billion has been allocated for the BISP Ehsaas 8171 scheme, which is the cornerstone of Pakistan’s social security system, for 2024. The funding is expected to benefit about 9.3 million families, reflecting the government’s commitment to finance will provide appropriate assistance.
The Money Has Started Coming from BISP
Budget increase for BISP benefits have begun receiving increased payments as part of the program expansion. The monthly premium under the BISP kafalat scheme has been increased by 25% from Rs 7,000 to Rs 8,750 to provide additional financial assistance to the needy.
BISP Old Budget 2024
Comparing the old and new budgets, it is clear that the government has made a concerted effort to budget increase for BISP. The previous budget allocated Rs 250 billion for final year 2021-22, which has now been increased significantly to meet the growing needs of the society
Budget Increase for BISP Schemes
The budget allocation for various BISP schemes has been carefully planned to cover different aspects of social welfare.
BISP Kafalat Program: The flagship unconditional cash transfer program has been allocated a budget that will support millions of families, with the government indicating the possibility of further increases in the future.
Benazir Taleemi Wazaif Program: This program focuses on providing educational materials to promote school enrolment and attendance, especially for girls. The budget for this program has been expanded to include more beneficiaries.
Benazir Undergraduate Scholarship: Undergraduate students are awarded scholarships to support their higher education. Budgets have been allocated to support a significant number of students in the program.
Benazir Nonhuman Program: For the programme, which targets nutrition subsidy, the budget increase for BISP from Rs 4.87 billion in 2021-22 to a proposed Rs 32.27 billion in 2023-24. It aims to register 1.5 million children, pregnant and breastfeeding mothers.
How To Register in BISP Ehsaas 8171 Program-2024?
Registration for the BISP Ehsaas 8171 system can be done online or by sending an SMS with CNIC number to 8171. The government has streamlined the registration process, setting up various centres across the country to make it difficult to enrol and deploy remote mobile units to places like Baluchistan to facilitate enrolment.
BISP increases quarterly stipend
The Benazir Income Support Program (BISP) in Pakistan has significantly increased the wadi allowance for beneficiaries by 2024:
- The quarterly stipend under the Benazir Kafaalat program has been increased from Rs. 7,000 to Rs. 8,750 per beneficiary and is expected to further increase to Rs. 10,500 in 2024 to provide financial relief amid inflation.
- The total BISP budget for the fiscal year 2024 has been raised by 31% to Rs. 455 billion, up from Rs. 404 billion in the previous year, to expand support for the underprivileged.
- Under the Benazir Taleemi Wazaif program, the quarterly stipend amounts have been budget increase for BISP to Rs. 2,500 (primary), Rs. 3,500 (secondary), and Rs. 4,500 (higher secondary) for girl students, and Rs. 2,000, Rs. 3,000 and Rs. 4,000 respectively for boy students.
- The number of beneficiaries under the Benazir Kafalat Program is expected to reach 9.3 million households by 2024. The Benazir Talimi Wazaif Program aims to benefit 8.3 million children, of which 52% of the beneficiaries are girls.
- The increase in assistance is part of the government’s efforts to provide vital financial support to the poorest citizens to help them cope with economic challenges. As Pakistan’s largest social safety net, BISP is committed to uplifting the lives of the underprivileged through its programmes.
BISP Stipends Disbursed
BISP funds are distributed quarterly to beneficiaries:
- BISP is releasing the fourth tranche of Benazir Kifalat Cash Assistance with effect from Monday, June 19, 2023. The fourth quarter tranche will be Rs. 9,000 after a 25% budget increase for BISP announced by the federal government earlier in the year.
- Under budget increase for BISP, payments are distributed quarterly, providing beneficiaries with a steady income to meet their basic needs.
- Previously, the Kifalat benefit subsidy was paid quarterly through Bank Alfalfa and Habib Bank only. However, in 2024, the BISP introduced a new payment scheme by increasing the number of commercial banks offered under the Kifalat scheme from two to six
Conclusion
The hike in the BISP budget for 2024 is a testament to the government’s commitment to strengthening social security mechanisms and providing better assistance to the poor. The budget hike is planned to affect millions of people in Pakistan, focusing on education, nutrition and economic inclusion.
FAQ’s
Based on the provided search results, here are some frequently asked questions (FAQs) about the Benazir Income Support Programme (BISP):
What is the Benazir Income Support Programme (BISP)?
Budget Increase for BISP is Pakistan’s largest social safety net program, launched in 2008. It aims to provide financial assistance, healthcare, education, and other essential services to the poorest segments of society, including orphans, widows, the disabled, and the elderly.
Who is eligible for BISP assistance?
To be eligible, families must earn less than Rs. 6,000 per month. Other criteria include having a female applicant with a valid ID card, being a widowed/divorced female without male family members, or having physically/mentally disabled individuals in the family. Government employees and those with significant assets are ineligible.
How can I apply for BISP?
Individuals can visit their nearest BISP registration centre to apply. The application process involves providing relevant personal information and supporting documentation. An online registration option is also available through the official BISP website.
How much financial assistance does BISP provide?
In 2024, eligible families will receive an income of Rs. 8,750 under the Benazir Confession Programme, which was budget increase for BISP from Rs. 7,000 years ago. Other appropriations are earmarked for education and health.
How often are BISP stipends disbursed?
BISP stipends are disbursed to beneficiaries quarterly, providing them with a regular source of income.
Read More: BISP Starts Again For Ineligible Persons Registration Method Available 2024
Is there a deadline to apply for BISP stipends?
The search results do not specify a clear deadline. The application process seems to be ongoing, especially with new policy changes introduced in March 2024. However, specific application cycles or cutoff dates may be announced periodically.
How can I check my BISP registration status?
Individuals can check their BISP registration status using their Computerised National Identity Card (CNIC) number through the official BISP website or portal.
What is the BISP payment method?
Budget increase for BISP has partnered with several banks to facilitate payments. Beneficiaries can withdraw their stipends from designated bank ATMs using bio-metric verification. The program has expanded its payment system to six banks in 2024 for better service to its 9.3 million beneficiaries.
