BISP Stipend
Great news for millions of families across Pakistan! The Benazir Income Support Program (BISP) has announced an important increase in BISP stipend, bringing welcome relief to millions of beneficiaries across Pakistan. With the approval of the International Monetary Fund (IMF), the quarterly stipend for BISP recipients will increase by Rs 3,000, taking the total stipend to Rs 13,500 starting January. The increase comes in line with efforts to improve the program with new digital payment options, making it easier for BISP eligible families to access their stipend quickly and transparently.
BISP Stipend Increase
If you are a part of BISP and want to know how much BISP quarterly stipend has increased and when will you get this amount? In this article along with the explanation here you will get all the information on how to receive the unique sponsorship payment of Rs 10500 from the government of Pakistan.
Under the new plan, BISP recipients will see their quarterly payments increase to Rs 13,500 from the current amount. The increase, approved by the IMF, is aimed at providing greater financial support to low-income families as they face economic hardship. This adjustment reflects the government’s commitment to improve social welfare programs in Pakistan.
Also, Read: How To Get Benazir Kafaalat Program 10500 Payment
IMF and World Bank’s Role in BISP Stipend Increase
As I have mentioned above, the payment of Benazir Kafaalat has increased by Rs.3 thousand. So let me tell you that the main reason for the increase in BISP scholarships is the role of the IMF and World Bank in BISP. Which will explained in detail in this article.
The IMF, together with the World Bank, is actively involved in scaling up the BISP programme. Both organizations are working with the Government of Pakistan to improve the Benazir Kafaalat program’s management and distribution system. Ensuring that aid reaches those who need it most. According to a local channel report, the collaboration is part of a larger strategy to modernize BISP operations.
Also Read: Punjab Government Receives Over 1.5 Million Applications
Details on the Updated Stipend Amount 13,500 Starting from January
According to the BISP beneficiaries will given a stipend of Rs 13500 instead of Rs 10500 from January. This is good news for women who registered in BISP, as they will now get a stipend of Rs.13500 from BISP. So complete your registration as soon as possible. And if you haven’t done your dynamic survey yet then get yourself registered in BISP before 31st December so that you can a part of this 13,500 stipend.
The budget of BISP for the financial year is Rs 2 thousand billion which is 0.5% of Pakistan’s GDP. Of this, 599 billion rupees have allocated for the current financial year, which is 27% more than last year. This increase in funding reflects the government’s priority for social welfare initiatives in the face of increasing financial demands.
Also, Read: 8171 Ehsaas Program 13500 BISP Online Registration Check
BISP Announces New Enrollment and Digital Payment System
There is good news for women who face difficulties in receiving BISP payments. Now from January 2025, BISP scholarships will given to you by banks. Now you don’t have to stand in long queues as the BISP payment system has been made digital and transparent by the government to facilitate financial assistance to all eligible women.
In addition to the stipend increase, the BISP program will remain open to new enrollments over the next three years, allowing more families to benefit from the program. A new electronic payment model is also being piloted, offering recipients greater transparency and more banking options to access their payments. The model, which increases ease of access to funds, will rolled out gradually in additional cities starting in January.
Also, Read: BISP Completely Depends on 8171 Code for Official Updates
Conclusion
The increase in BISP stipend is a major step towards improving social security for low-income families in Pakistan. With improved cooperation between the IMF and the World Bank and the launch of a new digital payment system, the future of BISP looks promising. Ensuring more efficient and transparent delivery of financial assistance. Beneficiaries can look forward to receiving their enhanced payments from January with more flexible banking options in the near future.