The Benazir Income Support Program (BISP) helps millions of families in Pakistan by providing quarterly financial aid of Rs. 10,500. This money is meant to help families with essential needs. BISP has now partnered with six different banks to make withdrawing money easier for beneficiaries.
| Key Details | Information |
| Installment Amount | Rs. 10,500 |
| Banks Available | Bank Al Falah, Bank of Punjab, HBL Microfinance, Mobilink Microfinance, Telenor Microfinance |
Table of Content
Purpose of BISP Kafaalat Program
The BISP Kafaalat Program aims to help people affected by inflation and economic difficulties. Its main purpose is to support low-income families by providing cash assistance. The program’s long-term goal is to reduce poverty and give opportunities for women’s empowerment. This initiative aligns with the Sustainable Development Goals (SDGs) of Pakistan.
Banks Available for BISP Withdrawals
To improve the withdrawal process, BISP has partnered with six banks across Pakistan. These banks include Bank Al Falah, Bank of Punjab, Mobilink Microfinance, Telenor Microfinance Bank, Habib Bank Limited, and HBL Microfinance. Beneficiaries can withdraw their installments from any ATM belonging to these banks.
Easy Withdrawal Process
BISP has made it easier for beneficiaries to withdraw their quarterly installments. To withdraw the Rs. 10,500, simply visit an ATM of any partner bank and use your BISP card. This ensures smooth access to funds without having to wait in long lines at branches. The program also allows withdrawals from any location, improving convenience for rural families.
- Withdraw from any partner bank ATM.
- Ensure your BISP card is active.
- Use any location nationwide for easier access.
Why BISP Partnered with More Banks
Initially, BISP used only two banks to handle all withdrawals. This caused delays and complaints from beneficiaries who faced difficulties accessing their money. By partnering with more banks, BISP has ensured better access for all beneficiaries, making the system more efficient and reducing waiting times.
BISP Kafalat Recent Update
BISP currently serves over 9.3 million families, and the program plans to increase this number to 10 million by next year. This expansion will provide more households with financial aid to cover their basic needs. BISP will continue to improve its services by offering better access to funds and helping to reduce poverty across Pakistan.
Conclusion
In conclusion, the BISP Kafalat Program provides much-needed financial support to Pakistan’s low-income families. By partnering with more banks, BISP has made it easier for beneficiaries to withdraw their money, ensuring that they can meet their daily needs with greater convenience.
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FAQs
Can I withdraw from any bank?
Yes, you can withdraw from any of the six partner banks’ ATMs.
What if my BISP card is not working?
You should contact the nearest BISP office to resolve the issue.
Do I need to visit a specific branch?
No, you can withdraw from any partner bank’s ATM across Pakistan.