BISP New Payment Increase 25% – Payment Latest Update 2023

In the 58th Board meeting of the Benazir Income Support Program (BISP), Federal Minister Shazia Marri made an exciting announcement. She confirmed a substantial 25% increase in stipends for beneficiaries and approved a new payment model. This boost in financial assistance is set to benefit countless individuals and families in Pakistan, with payments being transferred directly to their bank accounts. In this article, we’ll delve deeper into this remarkable development, covering various aspects of the BISP New Payment Check Update for 2023.

The 25% Stipend Increase

One of the most significant highlights of the recent Board meeting was the unanimous decision to increase the stipend by 25%. This means that the amount received through the Benazir Income Support Program will rise substantially, bringing relief and hope to countless beneficiaries. After this increase, the samahi wazifa, or stipend, will see a significant jump, rising from seven thousand rupees to 8,750 rupees.

Facilitation for Remote Areas

The board also recognized the importance of reaching beneficiaries in remote areas, particularly in Balochistan. To address this challenge, they approved the use of mobile units for registration in these regions. This innovative approach will make it easier for people in remote areas to access BISP benefits, even in areas where reaching the traditional BISP centers can be challenging.

New Registration Process

The Board also discussed the new dynamic registration process for the National Socio-Economic Registration (NSER). With 575 registration centers already operational in ISP Tehsil Offices across the country, the BISP is making significant strides in expanding its reach. Additionally, the Board approved an Internship Program aimed at new graduates from universities, providing them with an opportunity to work with the Benazir Income Support Program.

Key Board Members

Several key individuals were present at the Board meeting, contributing to these significant decisions. Dr. Ashfaq Hasan, Dr. Qaiser Bengali, Ms. Sania Rafat, Secretary BISP, Minister Yusuf Khan, and Secretary BA&SS Ghafran played vital roles. Furthermore, board members Mr. Haris, Chairman NADRA, Mr. Tariq Malik, Additional Secretary, Economic Affairs Division, Ms. Samar Ehsan, and Additional Secretary Finance Aamir Mehmood attended the meeting through a Zoom link. DG NSER/CCT Mr. Naveed Akbar presented the agenda before the board.

Expanding Coverage and Budget

It’s important to note that the BISP program is continually expanding its coverage. Currently, over 90 lakh families are part of the program, receiving financial assistance. To combat the challenges of inflation, the collective installment of BISP New Payment has been increased from 7,000 to 8,750. The program is also disbursing payments of Rs 8,500 for March, with an installment of Rs 9,000 set for April to June.

In recognition of the program’s significance, Federal Minister Shazia Marri, who presided over the May 11 meeting, emphasized the importance of empowering women and understanding the spirit behind the Constitution. The program has indeed empowered numerous women in Pakistan through various initiatives, making a substantial impact on society.

New Budget for BISP Program

To further strengthen the BISP Program, the board has increased its budget significantly, from Rs. 250 billion to Rs. 400 billion. This represents a remarkable 60% increase, highlighting the government’s commitment to supporting its citizens in need.

Transgender Inclusion

A notable and commendable development is the exclusive inclusion of transgender women in the Benazir Kafalat program. Unlike other beneficiaries, transgender women are not required to meet a PMT score requirement. Instead, they can register with NADRA and visit the Benazir Income Support Program office to receive financial assistance, an important step towards inclusivity.

Online Registration

The BISP has also embraced digital transformation by launching the Benazir Social Security Accounts. This initiative allows eligible women to open bank accounts in any bank of their choice, making it more convenient to receive financial assistance from the Benazir Income Support Program. Deserving women are encouraged to approach their nearest bank and open a Benazir Social Security Account to access their assistance money conveniently.

In conclusion, the BISP New Payment Check Update for 2023 signifies a significant leap in support for vulnerable communities in Pakistan. The 25% increase in stipends, expanded coverage, and inclusive measures for transgender women reflect the government’s commitment to improving the lives of its citizens. With a boosted budget and digital initiatives, the BISP is poised to make a substantial difference in the lives of countless families across the country.

FAQs

1. How can I apply for the BISP program?

To apply for the Benazir Income Support Program, you can visit the 8171 Web Portal for registration or visit an ISP Tehsil Office.

2. What is the significance of the 25% stipend increase?

The 25% stipend increase is a substantial boost to the financial assistance provided by the BISP, aimed at alleviating the economic challenges faced by beneficiaries.

3. How can transgender women benefit from the Benazir Kafalat program?

Transgender women can benefit from the program by registering with NADRA and visiting the Benazir Income Support Program office for financial assistance.

4. What is the new budget for the BISP program?

The budget for the BISP program has been increased from Rs. 250 billion to Rs. 400 billion, representing a 60% increase to support more beneficiaries.

5. How can I open a Benazir Social Security Account?

Eligible women can open a Benazir Social Security Account in any bank of their choice. Simply visit your nearest bank to open an account and receive financial assistance from the BISP.

BISP Basic Information Required

InformationDetails
Contact  Number0800-26477, 051-9246326
Address Benazir Income Support Program, Block F, Pak Secretariat, Islamabad, Pakistan
Registration Document RequiredCNIC, B-Forms, Mobile No, Gas/Electricity Bill, Home Rent Agreement if Available.