The Benazir Income Support Program (BISP) has made significant modifications to its payment system to ensure that all qualified recipients receive their funds without difficulty. For many years, the franchise system was employed to distribute payments to recipients, but it resulted in widespread corruption. As a result, the new chairman of BISP, Rubina Khalid, has opted to eliminate the franchise system and enhance the payment process by partnering with six new banks in Pakistan.
| Improvement | Details |
| Payment Method | No more franchise system |
| New Banks Involved | 6 additional banks |
| Benefits | Transparent and direct payments |
| Corruption Impact | Reduced through new system |
BISP Ends Franchise System to Stop Corruption
The franchise system had been in operation for some years, but there were several reports of corruption in the payment process. Beneficiaries frequently complained about missing monies and delays in obtaining payments. This caused major complications for many who relied on the BISP for financial assistance. To address these concerns, BISP has chosen to discontinue the franchise structure, and payments will now be made directly to beneficiaries.
New Payment Methods with Six Banks
To streamline the payment procedure, BISP has partnered with six well-known Pakistani banks. These banks will work to ensure that funds are transferred directly to the accounts of eligible persons. Banks engaged are Bank Al Falah, Bank of Punjab, Mobilink Microfinance, Telenor Microfinance Bank, Habib Bank Limited (HBL), and HBL Microfinance. This new technology promises to make the payment process smoother, more transparent.
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Complaints from Women Beneficiaries
During secret trips to franchise locations, BISP Chairperson Rubina Khalid observed that many women in the program were having issues. They claimed issues with corruption and unfair deductions from their salary. The new system will help address these concerns by guaranteeing that payments are made directly to beneficiaries, with no interference from other parties. Direct payments to beneficiaries. Removal of third-party interference More secure and trustworthy method. Reduced corruption in the system.
How the NSER Survey Works
BISP has also modified the registration process for new beneficiaries. Instead of online registration, the BISP is conducting an NSER (National Socio-Economic Registry) survey in local Tehsil Centers. This poll assesses individuals’ financial position and assigns them a score. If your score is less than 30, you are eligible for financial assistance from the Benazir Kafalat Program. Those who do not meet the criteria will be informed that they are ineligible.
New Banks to Handle Payments
Banks that now accept BISP payments include Bank Al Falah, Bank of Punjab, Mobilink Microfinance, Telenor Microfinance Bank, Habib Bank Limited (HBL), and HBL Microfinance. These banks are well-known for their dependable services, which ensure that cash reach their intended recipients without delay or complications. This collaboration is expected to improve the payment system’s efficiency and security.
Conclusion
The decision to abandon the franchising system and collaborate with six additional banks represents a significant advance for the Benazir Income Support Programme. By eradicating unethical practices and ensuring direct payments, BISP works to ensure that all qualified recipients receive the financial assistance they require. This new approach will make the process more dependable and transparent, benefiting millions of individuals in Pakistan.
