BISP Savings Scheme Started
BISP Savings Scheme Started: Benazir Income Support Program is an important tool to help poor people. Under this program many schemes are providing financial assistance to poor people. Recently a new scheme was introduced under this program. Whose name is BISP Savings Scheme. The objective of launching this scheme is to provide financial assistance to the existing beneficiaries of the Benazir Income Support Program and those who are engaged in informal employment by introducing a new mechanism. Therefore, if you are benefiting from any Benazir Income Support Program.
Or if you are engaged in informal employment, you can also register yourself in this scheme and benefit from it.If you want to register in this program, you have to meet the eligibility criteria first. If you are eligible for this program then you need not worry at all. You can easily register in this program. The registration process will be explained in detail in this article.
Eligibility Criteria For BISP Savings Scheme
If you want to register in the savings scheme issued by the Benazir Income Support Program. So you have to meet the eligibility criteria first. Eligibility criteria for registration in this program are as follows. This scheme has been launched under Benazir Income Support Program for non-government employed people.
- That is, such people who do labour on a daily basis are eligible for this program.
- PMT score should be up to 40 to join this program.
- If the applicants want to benefit from this scheme, it is necessary for them to complete their NSER survey first.
- It is very important for the applicant to be a registered Benazir Income Support Program beneficiary for registration in the program.
- The applicant must have a Computerized Identity Card issued by NADRA.
- In this scheme women heads of households are mostly preferred.
- The applicant is willing to open and manage a savings account.
Registration Procedure For BISP Savings Scheme
There are many steps for registration in Benazir Savings Scheme which are explained to you respectively. Eligibility Verification First visit any Benazir Income Support Program office near you. Or you can also use Benazir Income Support Program web portal to check your eligibility status. This way you can find out whether you meet the eligibility criteria or not.
Account Opening: Those who are eligible for this program. They are fully guided to open savings accounts in designated banks or financial institutions. They are guided by the Benazir Income Support Program. For which the registration process becomes easy for the people involved in this program.
Initial Deposit: The amount you are told to start your savings account. First deposit it in your account. This amount will vary depending on each region and each institution. Ensuring that it is affordable for low-income families.
Obtaining Savings Card: Families participating in this program will be given a Budget Savings Card for transactions. This savings card will be linked to the savings scheme account. It will be very easy to manage deposit and withdrawal of money.
Start Savings: Make regular deposits to avail benefits and fully ensure longest financial growth. A consistent savings scheme is the key to maximizing benefits.
Regular Monitoring: The Benazir Income Support Program monitors the progress of savings accounts over time. Give extra help if needed. This monitoring helps ensure that people in the program stay on track with their savings goals.
Benefits of BISP Savings Scheme
Under the BISP savings scheme, people who register in this program can get many benefits.
- The savings scheme will act as a safety net in unforeseen circumstances. Cash can be easily withdrawn in case of any emergency or job loss.
- Under this scheme women will get economic freedom. And efforts will be made to make them empowered in their lives.
- The savings scheme plays an important role in creating financial discipline among the people involved in this program.
- People participating in the savings scheme can start their own business easily. Or may be eligible for small loans to invest in their income generating activities.
- People registered in this scheme reduce their dependence on external assistance with the passage of time. And most try to promote self-reliance.
More Information Regarding Savings Scheme
Let us further guide you regarding the savings scheme that you can deposit any amount between 500 rupees to 1000 rupees per month in your account according to your income. If you deposit this amount in the account, Benazir Income Support Program will give you 40 percent profit of this amount. Apart from this, the duration of this scheme is about two years and the biggest thing about this program is that as soon as this program ends.
So at the end of it you can withdraw your entire amount without any deduction. You can also withdraw the benefits provided by the Benazir Income Support Program during this two-year period. Apart from this, you can leave this scheme at any time during these two years. But it is very important to increase your knowledge if you leave this scheme once before the completion of two years. So you cannot get your registration again in this scheme.
آئیے ہم بچت اسکیم کے حوالے سے آپ کی مزید رہنمائی کرتے ہیں کہ آپ اپنی آمدنی کے مطابق 500 روپے سے 1000 روپے ماہانہ کے درمیان کوئی بھی رقم اپنے اکاؤنٹ میں جمع کر سکتے ہیں۔ اگر آپ یہ رقم اکاؤنٹ میں جمع کراتے ہیں تو بے نظیر انکم سپورٹ پروگرام آپ کو اس رقم کا 40 فیصد منافع دے گا۔ اس کے علاوہ اس اسکیم کی مدت تقریباً دو سال ہے اور اس پروگرام کی سب سے بڑی بات یہ ہے کہ جیسے ہی یہ پروگرام ختم ہوتا ہے۔ اس کے آخر میں آپ بغیر کسی کٹوتی کے اپنی پوری رقم نکال سکتے ہیں۔ آپ اس دو سال کی مدت کے دوران بے نظیر انکم سپورٹ پروگرام کی طرف سے فراہم کردہ فوائد بھی واپس لے سکتے ہیں۔
Conclusion
Benazir Income Support Program launched under the name of BISP Savings Scheme. This program is an important milestone to help the poor people. Many poor families can benefit from this program. People receiving payments from Benazir Income Support Program can also benefit from this program. People who are not eligible for Benazir Income Support Program due to PMT. The good news for them is that they can fully benefit from this scheme. The biggest advantage of this scheme is that you can deposit any amount in your account. You earn 40% more profit than that.
The duration of this scheme is two years if you can withdraw your entire amount from your account after the expiry of the scheme. If you want to withdraw from this scheme before two years, you can do so easily. But if you withdraw from this scheme once, you cannot be eligible for this program again. If you want to register in this scheme, visit any nearest Benazir Income Support office of your district as soon as possible. You can also use BISP’s web portal for more information. Or you can go to Benazir Income Support office and get detailed information.
