BISP Kafalat To Increase From 9.3 To 10 Million Beneficiaries – 700,000 More People Supported

The government of Pakistan has announced their new BISP Budget for the fiscal year 2024-25, and said that the number of BISP Kafalat Increases Beneficiaries from 9.3 to 10 million, which is good news for all the poor people of Pakistan who have been told they are ineligible.

In addition to this announcement, the article explores the new payment structure and how much will be paid out next month for the 8171 ehsaas program.

BISP New Budget: Benazir Kafaalat increases beneficiaries from 9.3 million to 10 million

There are 93 lakh Benazir Kafalat beneficiaries across Pakistan who benefit from the Benazir Income Support Program, but thousands of eligible beneficiaries are not registered. In the BISP New Budget for 2024-25, the coalition government has announced an increase of 9.3 million to 10 million people in the BISP Kafalat program.

A thoughtful and helpful idea for the impoverished community in our country, as inflation is rising daily and people are finding it increasingly difficult to meet their basic needs. BISP Tehsil offices. now allow more people who were previously told they were ineligible to register for the program.

700,000 More Beneficaries Can receive a BISP Monthly stipend

Due to an increase in enrollment from 9.3 million to 10 million, more women will be able to apply for Benazir Income Support Program assistance. Because 700,000 additional beneficiaries will be eligible to participate in the Benazir Kafalat Program 2024–25 as a result of this increase, everyone who qualifies but has not enrolled can do so now. A higher number of applications are likely to be accepted, according to the New Budget of the BISP.

Additionally, the Benazir Income Support Program’s budget has increased, according to Finance Minister Muhammad Aurangzeb:

‘Financial assistance is a priority for the coalition government for the poor segments of society,”

Budget of BISP increases by 27% to Rs 593 billion – Latest Update

Finance Minister Muhammad Aurangzeb presented the national budget to the National Assembly on Wednesday, June 12, 2024. He emphasizes the government’s recent allocation of 27% more money for the Benazir Income Support program in his speech.

The government announced the budget for BISP in 2023 was 471 billion rupees, but after BISP’s budget increased by 27% for the years 2024-25, it has now become Rs593 billion.

Increase in BISP Cash Transfer by the Next Payment

Pakistan’s poor beneficiaries will be paid next according to the budgeted amount of Rs. 593 billion. The BISP Kafalat April to June Payments are still ongoing, and beneficiaries are receiving 10500 through this initiative. However, the BISP Next Payment amount will increase going forward.

Through Benazir Taleemi Wazaif, 100,000 more children will be enrolled

One more significant announcement was made by the Pakistani Finance Minister in regards to education reform under the BISP Program. Benazir Taleemi Wazaif aims to enroll 100,000 students so that those who qualify but are unable to attend school due to poverty can join the program and receive Rs. 4,500 every three months.

Introducing For the First Time – Poverty Graduation And Skills Development

A new effort called “Poverty Graduation and Skills Development” will be implemented for the first time, alongside the extension of the BISP Kafalat program. The objective of this program is to improve the economic circumstances of the majority by equipping them with the knowledge and assets needed to escape poverty. 

Along with the extension of BISP Kafalat, a new initiative called “Poverty Graduation and Skills Development” will be implemented. By equipping the majority with the knowledge and assets they need to escape poverty, this program aims to improve their economic circumstances.

Through focused training and development, this program aims to equip people with the skills they need to obtain better jobs and financial stability, which will promote long-term economic growth and reduce poverty.

In conclusion:

Pakistan’s impoverished communities will benefit greatly from the expansion of the BISP Kafalat program from 9.3 million to 10 million beneficiaries. This initiative aims to alleviate the hardships faced by many due to rising inflation and economic challenges by including 700,000 additional people eligible for financial assistance.

As a result of the government’s commitment to improving the lives of vulnerable populations, the BISP budget has been increased by 27 percent to Rs 593 billion. Together, these efforts represent a comprehensive strategy for combating poverty and enhancing the welfare of millions of people.