Govt Has Allotted 600Bn Budget To BISP For New Installments
8171 Benazir Program has received its new Fiscal Year Budget from the Government of Pakistan which has been increased by 27% this time the program will receive over 600 Billion Rupees from the Government so that they can facilitate more beneficiaries through their unconditional support by also increasing the amount given at each quarterly Installment.
It has been decided by the BISP Program that they will add 700,000 More families to the program by the end of December and will increase its 10,500 Monthly Kafalat Payment to Rs 13500 for all 10 million Beneficiares.
BISP New Budget For FY 2024-25: Increasing New Installments
For the forthcoming fiscal year 2024–2025, the Federal Government has announced a 27% increase in funding for the Benazir Income Support Programme (BISP), increasing it from Rs 450 billion to Rs 593 billion.
آئندہ مالی سال 2024-2025 کے لیے وفاقی حکومت نے بے نظیر انکم سپورٹ پروگرام کے لیے فنڈز میں 27 فیصد اضافے کا اعلان کیا ہے اور اسے چار سو پچاس ارب روپے سے بڑھا کر پانچ سو ترانوے ارب روپے کر دیا ہے۔ اس اضافے کا بی آئی ایس پی کفالت پروگرام کی جانب سے دی گئی نئی قسطوں پر ناقابل یقین اثر ہے کیونکہ بے نظیر انکم سپورٹ پروگرام کی چیئرپرسن نے جنوری 2025 سے شناختی سروے مکمل کرنے والے افراد کے لیے نئی کفالت کی قیمت میں تین ہزار روپے اضافے کا اعلان کیا ہے۔ بنظیر تحصیل آفس میں اور رجسٹرڈ مستفید افراد کو بھی دسمبر 2024 کے آخر تک پروگرام میں دوبارہ سروے کرنے کے لیے۔
This increase has an incredible effect on the new installments given out by the BISP Kafalat Program because the Chairperson of the Benazir Income Support Program has announced to increase in the new Kafalat Qist by Rs 3000 from January 2025 for the people who complete their CNIC Survey at BISP Tehsil Office and also the registered Beneficiares to re-survey in the Program by the end of December 2024.
Govt provide 27% Hike In BISP New Budget
Since the Ministers at the time of Bugdet’s release emphasized the need for support through the BISP Program to be continued, Aurangzeb stated that the goal of the current coalition government is to give the weaker segments of Pakistani society as much assistance as possible, while also stating that the financial aid for these segments will continue under the BISP.
In the upcoming fiscal year, he declared, the federal government would increase the BISP funding by 27%, up to a maximum of Rs. 593 billion.
BISP 13500 Kafalat Payment Starting Soon Across Pakistan
As per President Asif Ali Zardari’s directive and the Pakistani government’s decision, the Benazir Income Support Program has announced a 20% rise in its quarterly installment. This is because the government has allocated a larger budget to the program this time around for the new installments. In this regard, starting in January 2025, all qualifying women would get Rs 13,500 via a brand-new, open banking system.
Beneficiaries can obtain their 13,500 rupees by biometric verification at any ATM that has been designated, saving them time and energy from standing in huge lines.
Conclusion
The government’s 27% increase in the BISP budget to over Rs 600 billion will significantly expand support for beneficiaries across Pakistan. With plans to add 700,000 more families and increase the Kafalat payment from Rs 10,500 to Rs 13,500, BISP is taking important steps to provide greater financial relief.
These changes, set to start in January 2025, will further strengthen the program’s reach and ensure continued support for those in need. Beneficiaries are encouraged to complete their CNIC survey at BISP Tehsil offices before the December deadline.
