The Benazir Income Support Programme (BISP) serves as a critical social security measure for millions of families across Pakistan. In a recent budget speech, the government of Pakistan announced significant updates and increases to the BISP, underscoring its commitment to supporting vulnerable populations. This article provides an in-depth look at the new budget allocations, the expected benefits, and the impact on the beneficiaries of the BISP.
Key Updates from the BISP June Budget
- Increase in Allocation: The budget for BISP has been increased by 27%, from 466 billion rupees to 593 billion rupees.
- Beneficiary Expansion: The number of beneficiaries under the Benazir Kafaalat program will increase from 9.3 million to 10 million.
- Education Program: An additional 1 million children will be enrolled in the Taleemi Wazaif education program, bringing the total to 10.4 million children.
Breakdown of Financial Assistance
With the increased budget allocation, the financial assistance provided to beneficiaries will also see a significant boost. Below is a detailed breakdown:
| Increase Percentage | Previous Amount (Rs.) | New Amount (Rs.) | Increase (Rs.) |
|---|---|---|---|
| 25% | 10,500 | 13,125 | 2,625 |
| 27% | 10,500 | 13,335 | 2,835 |
Also Read: Reality of Ehsaas Kafalat 13000 Payment in June Budget
The new quarterly installment will be 13,335 rupees, up from the previous 10,500 rupees, providing much-needed financial relief to the beneficiaries.
Impact on BISP Beneficiaries
The increase in financial assistance and the expansion of the BISP program will have a profound impact on the lives of millions of families. The additional funds will help cover essential expenses, improve living conditions, and provide better educational opportunities for children.
- Increased Financial Stability: Higher quarterly installments will provide more substantial support to cover basic needs.
- Education Support: With more children enrolled in the Taleemi Wazaif program, educational attainment is expected to improve, leading to better long-term economic prospects for families.
- Wider Coverage: An increase in the number of beneficiaries ensures that more families in need receive support.
How much has the BISP budget increased?
The BISP budget has been increased by 27%, from 466 billion rupees to 593 billion rupees.
How many new Students will be added to the BISP?
The number of beneficiaries will increase from 9.3 million to 10 million under the Benazir Kafaalat program.
Conclusion
The increase in the BISP budget and the expansion of its beneficiary base highlight the government’s commitment to supporting its most vulnerable citizens. With higher financial assistance and more children benefiting from educational support, the BISP program continues to play a pivotal role in reducing poverty and promoting social welfare in Pakistan. The upcoming changes will undoubtedly provide significant relief and improved opportunities for millions of families across the country.