Last Updated on: 5th April 2024, 09:43 am
Receive 10500 Benazir Kafalat Cash Through These 6 Banks: The Benazir Income Support Programme (BISP) is enhancing accessibility and transparency by expanding its payment network during Eid Al Fitr Holidays. This effort aims to provide financial assistance to poor families, increasing the number of commercial banks involved from two to six. With around 9.3 million beneficiaries covered by its Kifaalat Programme, this expansion represents a significant step towards promoting financial inclusivity and empowerment.
10500 Benazir Kafaalat Payment Through These 6 Banks:
Secretary of BISP, Amer Ali Ahmed, announced the agreement signing ceremony between BISP and six designated banks for disbursing stipends to Kifaalat beneficiaries. The banks involved are Bank Alfalah, Bank of Punjab, Mobilink Microfinance Bank, Telenor Microfinance Bank, Habib Bank Limited, and HBL Microfinance Bank.
New BISP Banking Payment System for Kafalat Cash:
Now let’s discuss the several key points regarding the expansion of a stipend payment system in Pakistan. Quarterly stipends, previously accessible only through two banks, will now be available through six additional banks, enhancing beneficiaries’ access to financial services. The introduction of the new payment system is expected to result in annual savings of two billion rupees due to increased competition.
Additionally, the establishment of 15 clusters and involvement of six banks aims to streamline service delivery for a more efficient distribution process. This collaborative effort between the Benazir Income Support Program New Payment Check Online 2024 (BISP) and the partnering banks signifies a collective commitment to uplift marginalized communities socio-economically.
Dr. Amjad Saqib, Chairperson of BISP, emphasizes the importance of shared responsibility and serving beneficiaries with dignity and transparency, reflecting a unified vision among stakeholders.
What exactly is the Benazir Kafaalat Programme:
The Benazir Kafaalat Programme, part of the Benazir Income Support Programme (BISP), provides financial assistance primarily to poor women in society.
Check also, Here’s the List of 25000 BISP Programs in April 2024
Final Thoughts:
The expansion of the Benazir Kafalat cash stipend payment network is a significant step in promoting financial inclusivity and empowerment in marginalized communities. By partnering with commercial banks, BISP aims to enhance the transparent and efficient distribution of financial assistance, thereby driving socio-economic progress throughout Pakistan.