Benazir Income Support Program 19 billion of 2023

Benazir Income Support Program is Helping

The Benazir Income Support Program (BISP) is a groundbreaking initiative launched by the Government of Pakistan in 2008

to reduce poverty in the country. Over the last 13 years, BISP has made a tremendous impact,

providing cash transfers and other benefits to millions of people across Pakistan. In 2021,

the program was allocated a record 19 billion rupees, indicating the government’s commitment to making sure all citizens have

access to a basic standard of living. In this blog post,

we will explore how the Benazir Income Support Program is helping millions of Pakistanis.

What is the Benazir Income Support Program?
The Benazir Income Support Program (BISP)

is a social protection initiative of the Government of Pakistan designed to help reduce poverty.

The program provides cash transfers to the poorest and most vulnerable families, who

are not able to earn an adequate income from other sources.

The goal of BISP is to reduce the number of households living in extreme poverty and provide them with more economic security.

The program was launched in 2008 by the Government of Pakistan, and is now implemented nationwide.

It currently provides monthly income support to more than 5 million households across the country,

with a total budget of 19 billion rupees for 2021-2023.

The program has been widely praised for its impact on poverty reduction, with a recent

survey showing that more than 80% of beneficiaries reported improved standard of living as a result of receiving BISP payments.

How much money does the program provide?
The Benazir Income Support Program (BISP)

is a poverty alleviation initiative of the Government of Pakistan,

aimed at providing financial assistance to eligible individuals and families in Pakistan.

As of 2021, the BISP provides a maximum of PKR 12,000 per family per year,

but this amount can vary based on the family’s size and situation. Additionally,

BISP has a range of supplementary grants and subsidies for special needs cases, such

as widow grants and child protection allowances. In 2019,

BISP provided cash transfers to over five million people, totaling PKR 38 billion. In 2021, the Pakistani government approved an

additional PKR 19 billion for the BISP program, which will allow them to extend the program to 6.2 million families.

This is expected to bring the total number of beneficiaries up to 11.4 million.

What are the eligibility requirements?
To be eligible for the Benazir Income Support Program (BISP),

applicants must meet certain criteria. These criteria include:

Must be a Pakistani citizen
Must be 18 years of age or older

Must reside in a rural area and/or have an annual income of no more than Rs.30,000
Must not be receiving any other form of

public assistance
Must pass a verification process
Must have an official identification document

such as a valid CNIC (Computerized National Identity Card).
In order to be eligible for the program,

applicants must apply through the BISP website and then submit all necessary documentation and information.

The BISP also has additional requirements for those who are eligible to receive aid. These include a commitment to participate

in educational, social and vocational training programs in order to build their capacity and improve their lives.

The BISP is intended to provide a safety net for those most in need, including widows, orphans,

disabled persons and elderly people living in poverty. Therefore, applicants must demonstrate their eligibility by providing

proof of income and other documents to determine their eligibility.
The Benazir Income Support Program is a

lifeline for many impoverished Pakistanis and is helping them to break out of poverty. By ensuring that all applicants meet the

eligibility requirements, the BISP is helping millions of people across the country to lead better lives.

How has the program helped Pakistanis?
The Benazir Income Support Program (BISP) has had a tremendous impact on the lives of

millions of Pakistanis since its inception in 2008. The program provides direct financial assistance to poor and vulnerable families

throughout the country, providing them with the means to live a dignified life.
The program has helped many families by

providing them with cash grants that they can use to purchase essential items such as food and medical care.

Additionally, the program helps families pay for education expenses, allowing children to get an education and break the cycle of

The program has also provided employment opportunities in remote areas,

which is essential for reducing poverty in rural areas. The program has also been able to provide more opportunities to women and

girls by helping them access financial services and encouraging them to take up small businesses.

Finally, the program has also had a positive impact on the environment by helping families with climate-smart agriculture.

This has allowed families to improve their soil fertility, produce higher yields, and increase their incomes.

Overall, the Benazir Income Support Program has had a huge impact on the lives of millions of Pakistanis,

giving them the opportunity to break out of poverty and live a dignified life. With an additional 19 billion slated for 2023,

it is clear that this program will continue to have a positive impact on Pakistani families in the coming years.

What are the future plans for the program?
The Benazir Income Support Program (BISP) has been a key initiative for Pakistan’s

government to help its citizens. The program has been a lifeline for millions of Pakistanis, providing financial assistance in the form of

cash transfers, education grants and food vouchers.
In 2020, the Pakistani government

announced that it plans to invest an additional Rs 19 billion in the BISP over the next three years.

This will bring the total annual budget of the program to Rs 118 billion by 2023. The goal is to expand the program and reach out to

even more of the country’s population, including those living in poverty and facing economic hardship due to the pandemic.

The government also plans to introduce new initiatives as part of the BISP, such as providing agricultural inputs,

technical training, and vocational skills development opportunities. These initiatives aim to help the poor become more self-

reliant by providing them with the resources and knowledge they need to build successful livelihoods.

The BISP has been a vital source of support for many Pakistanis since it was introduced in 2008.

The government’s commitment to further investing in the program and expanding its

reach bodes well for the future of those who rely on it for financial assistance.

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