How to transfer BISP New Payment 8500 to your accounts

How to transfer BISP New Payment 8500 to your accounts

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The Benazir Income Support Program (BISP) has recently introduced a mandatory update for beneficiaries, introducing the Kafalat program starting in the first quarter of May 2024. This unprecedented change aims to provide financial assistance to families previously excluded from BISP benefits.

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BISP new payment 8500 in your accounts

The Benair Kafalat program, starting from January, will begin paying an amount of Rs 9,000 exclusively to two-member families under the Benair Income Support Programme. However, this development also comes with revised eligibility criteria.

Who can be excluded?

Unfortunately, certain criteria now disqualify beneficiaries who previously received BISP assistance. Eligibility is limited only to women meeting specific conditions:

  • Possession of a bank account or transaction ID in their name.
  • No international travel or ownership of property (abroad).
  • Lack of ownership of commercial plots or vehicles.

Impact on existing beneficiaries

Families that fail to meet these updated criteria face exclusion from the program. In addition, those crossing the credit area score of 30 in the PMT (poverty measurement tool) will also be expelled.

  • Regular Mandatory Family: About 93 lakh families registered before May last year will continue to receive assistance in January.
  • Newly eligible family: Newly identified and registered families meeting the revised criteria will also receive support.

Steps required to receive BISP January Payment

It is important to follow the following steps to ensure payments continue to be received by existing beneficiaries and new families are successfully enrolled:

1. Verification of criteria

Ensure that the woman of the household meets the revised criteria to remain eligible for the BISP Kafalat Programme.

2. Registration and Survey Completion

Newly eligible households must complete the dynamic survey registration process to qualify for the program.

3. Account Verification

Confirm the presence of a bank account or transaction ID in the woman’s name, excluding any international travel or ownership of property, commercial plots or vehicles.

4. Maintaining PMT Score

To maintain eligibility, regular monitoring of the PMT score is required to ensure that it remains below the critical threshold of 30.

conclusion

The upcoming launch of the BISP Kafalat program marks a paradigm shift in the distribution of financial assistance. Although it provides assistance to many families, the revised criteria may result in the exclusion of others. Staying informed and complying with the updated requirements is paramount to benefiting from this program.

For further information and assistance regarding registration and eligibility, beneficiaries are advised to contact their local BISP centres.