How a Women Receive Fund From Bisp?

The Benazir Income Support Programme (BISP) has introduced a new payment system that makes it easier for women to receive financial aid. Women can now receive funds directly into the bank accounts of their choice, offering them more flexibility and control. This new system was introduced by the Federal Minister for Poverty Alleviation and Social Safety, Ms. Shazia Marri, to simplify the disbursement process and ensure that beneficiaries, especially women, receive their payments securely and without delays.

This new system provides women with a dignified way to access their funds without having to stand in long queues. The system will be launched as a pilot in selected districts, with plans to expand nationwide.

How the New BISP Payment System Empowers Women

Since its start, BISP has used several payment methods, including money orders, smart cards, mobile banking, and the biometric verification system (BVS). While these methods were beneficial, women faced issues such as limited opportunities to save money and complaints about deductions by agents.

To resolve these problems, BISP partnered with the State Bank of Pakistan and commercial banks. The result was the introduction of a new payment mechanism that gives women the option to receive funds directly into their bank accounts, improving the transparency and convenience of the process.

Quick Details: How a Woman Receives Funds from BISP

Topic	Details
New Payment Mechanism	Women can receive payments in bank accounts of their choice
Benefits of the System	More control, savings, and no long queues for women
Dynamic Registry Survey	Tracks real-time changes in women’s socio-economic status
Taleemi Wazaif Programme	Supports 8.1 million children from low-income families
Nashonuma Programme	Benefits 364,000 pregnant women and children under two

Benefits of the New Payment System for Women

The new payment system empowers women by providing them with more control over their financial aid. They can now save money in their accounts, avoid unnecessary deductions, and access their funds at their convenience. This is a big step toward financial independence for women, particularly those from low-income households.

Women can now avoid the hassle of traveling to payment centers or standing in long queues. With the new system, they will have their funds readily available in their bank accounts, making it easier to manage their finances and save for the future.

Dynamic Registry Survey: Tracking Women’s Socio-Economic Status

BISP is also launching a Dynamic Registry Survey to assess the socio-economic status of households in real time. This will help track any changes in the financial situation of women and their families, ensuring they continue to receive the right level of support.

The new registry will provide shock-responsive data, meaning it will adjust to any changes in household conditions. Women will benefit from this as the system will update their financial standing automatically, making sure they are eligible for the right amount of aid.

How Women Can Update Their Information

Women can visit the Dynamic Registry desks set up across the country to update their information. This ensures that any changes in their financial or household situation are recorded promptly. The real-time data will allow the government to better assess the needs of women and provide appropriate financial aid.

Women who face any significant changes, such as a loss of income or other financial hardships, will have their information updated quickly, ensuring they receive the necessary funds without delays.

Ensuring Transparency and Fairness for Women

BISP has faced some concerns regarding transparency, especially after 820,000 beneficiaries were excluded by the previous government. Many women, including government employees in lower pay grades, were affected by these exclusions. Ms. Shazia Marri clarified that 60% of these excluded government employees were from lower grades (1 to 5), earning an average salary of Rs. 13,000.

The new system ensures that these women will have a chance to appeal and continue receiving their benefits if eligible. The focus is now on ensuring that all low-income women, including government employees, are treated fairly and receive the financial assistance they need.

BISP Taleemi Wazaif Programme and Support for Women

BISP also provides educational assistance to children through the Taleemi Wazaif Programme. This program has helped 8.1 million children from low-income families, many of whom are daughters of women receiving BISP benefits. Women can also receive support for their young children under the Nashonuma Programme, which benefits 364,000 pregnant women and children under two years of age.

These programs aim to improve the socio-economic conditions of women and their families, offering them opportunities to break the cycle of poverty through education and improved health services.

FAQs

How can a woman receive funds from BISP?
A woman can now receive funds directly into a bank account of her choice, thanks to the new payment system introduced by BISP.

Is the new payment system available to all women across Pakistan?
Initially, the new system is being introduced in select districts as a pilot project. It will gradually expand to cover all districts across the country.

What should a woman do if her financial situation changes?
Women can visit a Dynamic Registry desk to update their information, ensuring their socio-economic status is accurately recorded.

Can low-income government employees receive BISP funds?
Yes, low-income government employees, especially those in grades 1 to 5, are eligible to receive BISP funds if they meet the criteria.

How can women benefit from BISP’s educational and health programs?
Women can enroll their children in the Taleemi Wazaif Programme for educational support and receive assistance through the Nashonuma Programme for maternal and child health.

This article explains how a woman receives funds from BISP and highlights the various ways in which the new payment mechanism empowers women to manage their financial aid more effectively. With the introduction of bank account options, dynamic data tracking, and additional support programs, BISP continues to provide vital assistance to women across Pakistan.

Conclusion

The Benazir Income Support Programme (BISP) continues to play a crucial role in empowering women across Pakistan by providing them with financial assistance through a more transparent and efficient system. The new payment mechanism, which allows women to receive funds directly into their bank accounts, enhances their financial independence and dignity. By simplifying the process and introducing real-time updates through the Dynamic Registry Survey, BISP ensures that women receive timely support based on their socio-economic status. With additional programs like Taleemi Wazaif and Nashonuma, BISP is not only helping women financially but also ensuring their children have access to education and health services. Through these initiatives, BISP is making significant strides in alleviating poverty and improving the quality of life for millions of women and their families.