Mon. May 27th, 2024
1 Crore New BISP Account for 10500 Payment1 Crore New BISP Account for 10500 Payment

1 Crore New BISP Account for 10500 Payment The Benazir Income Support Program (BISP) has been a cornerstone of Pakistan’s social welfare system, which aims to provide financial assistance to the most vulnerable segments of the society. Recently, the government of Pakistan has taken important steps to further expand the reach of this program.

Expansion 1 Crore New BISP Account for 10500 Payment

  • Target Beneficiaries: The expansion aims to benefit the Nadra community, including beneficiaries of the Benazir Income Support Program and the 8171 program.
  • Meeting and Implementation: The government is actively holding meetings to ensure smooth implementation of this programme.
  • Details of the agreement: Under this agreement, new accounts of one million rupees will be opened for women beneficiaries across Pakistan.

BISP new account opening details

  • Number of accounts: 1 million new accounts will be opened.
  • Bank branches: Accounts will be opened in 70,000 branches across Pakistan.
  • Banking partners: Six major banks will participate in this initiative.

Purpose of Benazir Kefalas’s new accounts

  • Target group: Accounts will be opened for women who have not yet registered in the Benazir Kafalat Dynamic Benefits Register.
  • Financial Inclusion: This initiative aims to guarantee the financial inclusion of the most vulnerable segments of society.
  • Past Cases: This expansion is crucial, especially considering past cases where beneficiaries were excluded for not having their accounts registered.

BISP Payment Details

  • Blocked cards: Beneficiaries with blocked cards will be able to access their funds.
  • Payment Schedule: BISP payments will continue Monday through Saturday.
  • Update Mobile Numbers: Women beneficiaries in Punjab can update their mobile numbers at Bank of Punjab.
  • May Payment: Payment of Rs 10,500 for May translation is expected in the first week of May.
  • Payment delay: There is a slight delay and payment is now expected in the first week of July.

FAQ’s

Who are the beneficiaries of this expansion?

The expansion aims to benefit the Nadra community, including beneficiaries of the Benazir Income Support Program and the 8171 program.

How many new BISP accounts will be opened?

1 Crore New BISP Account for 10500 Payment Millions of new accounts will be opened.

When can beneficiaries expect their May payment?

1 Crore New BISP Account for 10500 Payment The April payment of Rs 10,500 is expected in the first week of May.

Conclusion

1 Crore New BISP Account for 10500 Payment The expansion of the Benazir Income Support Program is an important step in ensuring financial inclusion for the most vulnerable segments of society. With the opening of one billion new accounts and the continuation of payments, this initiative will undoubtedly have a positive impact on the lives of countless beneficiaries across Pakistan.