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BISP Budget for FY-2023-24 Hits Rs. 471 Billion Mark – Approved

Benazir Income Support Programme (BISP) Meeting

In a very important decision to help women and improve support for people in need, the 60th Board meeting of the Benazir Income Support Programme (BISP) was held under the leadership of Ms. Shazia Marri, who is the Federal Minister and Chairperson of BISP. The meeting happened at the BISP Headquarters in Islamabad on August 02, 2023.

Some important people attended the meeting, including Mr. Amer Ali Ahmad, who is the Secretary of BISP, and Mr. Yusuf Khan, who is the Secretary of PA&SS. Also present were other important officials like the Additional Secretaries of Finance and Economic Affairs Division (EAD).

Besides the government officials, there were respected private members at the meeting as well. These members were Dr. Kaiser Bengali, Dr. Abid Qaiyum Suleri, Barrister Ayesha T. Haq, Mr. Haris Gazdar, and Dr. Amjad Saqib.

Also read: BISP Program One Year Performance From 2022-23 in Pakistan

The main purpose of the meeting was to find ways to support women better and strengthen the social protection measures in place. The Benazir Income Support Programme aims to provide financial assistance to those who are less fortunate and need help.

During the meeting, they discussed various ideas and plans to improve the program and reach more people who need support. They also talked about empowering women in the country, as empowering women is essential for the progress of any nation.

The meeting took place in Islamabad, which is the capital city of Pakistan, at the BISP Headquarters. This is where the important decisions about the program are made.

By working together and sharing their ideas, the attendees of the meeting hope to make a positive impact on the lives of many people in need. They want to create a better future for the country and ensure that everyone has a fair chance to thrive.

BISP Budget for FY-2023-24 Hits Rs. 471 Billion Mark - Approved

Approval of the BISP Budget:

The BISP Board, which is a group of important people responsible for making decisions, agreed on a very special budget for the year 2023-24. The BISP Budget is a big amount of Rs. 471 billion, and everyone on the board agreed on it, so there was no disagreement.

This budget is very important because it shows that the government is dedicated to taking care of its people and making sure they have what they need. The money in the budget will be used for different programs to help those who are in difficult situations, like people who need extra support and care.

One of the important things this budget will do is to help people who are vulnerable, which means they need extra help and protection. It will also work towards making sure that men and women are treated equally and have the same opportunities.

By approving this budget, the BISP Board is showing that they care about the well-being of the people and are committed to making society a better place for everyone. They want to make sure that nobody is left behind, and that everyone has a chance to live a good life. The budget includes:

Benazir Kafalat Programme:

A big part of the BISP Budget, which is a large sum of Rs. 361.5 billion, has been set aside for something called the Benazir Kafaalat Programme. This program is designed to help 9.3 million families who really need support.

Through this program, these families will receive money regularly to help them with their expenses. The amount they will get has been increased from Rs. 7000 to Rs. 8750 every three months for each family. This increase in money will provide even more financial help to the families who are part of this program.

The goal of the Benazir Kafaalat Programme is to make sure that deserving families get the assistance they need to improve their lives. By giving them these cash stipends, the government wants to help them meet their basic needs and have a better life overall. It’s a way to show that the government cares about the well-being of its people and wants to support those who are facing challenges.

Also check: Benazir Kafalat Program Check CNIC Online Registration 2023-24

Benazir Nashonuma Programme:

A special amount of money, Rs. 32.27 billion, has been set aside for something called the Benazir Nashonuma Programme. This program is designed to help 1.5 million people.

The main goal of this program is to make sure that people, especially mothers, and children, have good health and get the right nutrition. When people have good health and eat well, they can have a better life and be stronger.

The Benazir Nashonuma Programme focuses on supporting vulnerable populations, which means helping those who need extra care and protection. By doing this, the program aims to make the whole society healthier and more prosperous. It’s important to take care of mothers and children because they play a big role in the future of the country.

By providing this special allocation of money, the government wants to show that they care about the health and well-being of the people. They want to make sure that everyone, especially those who are more vulnerable, gets the help they need to lead better lives. This way, the whole society can grow and thrive together.

Also check: Benazir Nashonuma Program Online Registration [2023-24]

Benazir Taleemi Wazaif:

To make the future of the country better, the Board has decided to keep Rs. 55.4 billion for something called Benazir Taleemi Wazaif. This special initiative will benefit 9.2 million children in a positive way.

The main purpose of this educational program is to help children get a good education. It aims to give them better access to quality education, which means they will have the chance to learn important things and have good teachers to guide them.

The government wants to provide young minds with all the tools they need to succeed. This means giving them the right resources, like books, school supplies, and maybe even computers, to help them learn better.

By setting aside this amount of money for Benazir Taleemi Wazaif, the government shows that they really care about the future of the nation. They want to invest in the education of children so that they can grow up to become smart and successful individuals who can contribute positively to the country.

This program is a way to support the dreams and ambitions of millions of children. It’s a great step towards building a brighter future for the whole country by empowering the young generation with knowledge and skills.

Also check: Taleemi Wazaif Online Registration [8171] for Students in 2023-24

Benazir Scholarships for Undergraduates:

Understanding how important it is for students to go to college and learn more, the government has set aside Rs. 6 billion for something called Benazir Scholarships for Undergraduates.

This special program is all about helping students who come from families that might not have a lot of money. These students are very talented and smart, and the government wants to support them in their educational journey.

The goal of this scholarship program is to make sure these bright students can go to college and study without worrying too much about money. By giving them these scholarships, the government wants to help them achieve their dreams and become successful individuals.

When these students get a chance to study in college, they will gain more knowledge and skills. This will not only help them personally but will also make them valuable assets for the country’s progress. They can contribute to the development of the country in various ways.

Also check: Ehsaas Undergraduate Scholarships Program 2023-24 Apply

By allocating this amount of money for Benazir Scholarships for Undergraduates, the government is showing its commitment to education and supporting students from all backgrounds. It’s a wonderful initiative to make higher education accessible to everyone and build a brighter future for the nation.

BISP Budget for FY-2023-24 Hits Rs. 471 Billion Mark - Approved

Expansion of Benazir Social Protection Account:

The Board realized that they need to make the payment system better for the people in the Benazir Social Protection Account. They noticed that the current system has some problems because it depends on only two banks and their agents. This caused complaints and differences in the way payments were made.

To fix this, the Board decided to expand the payment system. They want to create a new model that will be more transparent and convenient for the beneficiaries. The new system will allow people to choose the bank they prefer to receive their payments. This way, they will have more control over their money, and it will be easier for them to manage.

The Board’s goal is to focus on the needs of the beneficiaries, which means they want to make sure the system benefits the people who are part of it. They want to be more open and clear about how the payments are made, so everyone can understand and trust the process.

Also check: Benazir Social Protection Account Launched by PM Sharif

To make these improvements, they created something called the Hybrid Social Safety Net Programme. This program will work on the changes and improvements needed for the payment system. They will take advice from a Technical Design Committee to make sure everything is done right.

By doing all this, the Board hopes to create a better payment system that gives more autonomy and respect to the beneficiaries, making their lives easier and more comfortable.

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