Economics & Business

BISP designed to eliminate poverty

KARACHI: Benazir Income Support Program (BISP) is designed to eliminate poverty from the country. Eligible family will be assisted in a completely transparent manner. This was stated by Director General BISP Sindh Dr. Ghulam Qasim Bughio on Friday. He was speaking at the closing ceremony of the 10-day Waseela- e-Haq training workshop.

He said said that the Benazir Income Support Program was launched after the inception of democratic government of Pakistan Peoples Party, as a means to provide financial assistance to the poorest of the poor adversely affected by high inflation and the impact of the international economic crisis.

However, now BISP is being developed into a comprehensive social safety net by provision of Monthly Cash Grant, Vocational and Technical Training, Micro Finance for gainful self-employment and Health, Accident and Life Insurance.

DG BISP further said that besides provision of cash grant as life-line, BISP has planned to bring about a real change in the life of the downtrodden families. One of such initiatives, Waseela-e- Haq, is aiming to break the vicious cycle of poverty through interest- free financial assistance.

This step would enable selected families to initiate businesses and entrepreneurship; thus, helping them to come out of poverty circle. DG BISP said that the selection of these families is being done by computerized, transparent balloting process.

The step is basically designed to promote self-employment among women beneficiaries or their nominees to improve their livelihood. It offers Rs 300,000 long term interest free financial assistance to randomly selected beneficiaries. It is based on personal trust instead of any collateral and is a completely interest- free financial assistance.

In training workshop Director Lyari Ghulam Nabi Babar, Director Karachi M. Ilyas Soomro, Director HQ Pervaiz Iqbal, Media Officer Shafquat Ali and other officials of SAFWCO and ECI were present. The DG BISP also gave away certificates to the eligible Waseela-e-Haq beneficiaries.

About the author

Saleem Shaikh

The writer is a development journalist. He writes on water, sanitation, environment, climate change, agriculture, women development, human rights, education, health, development budgets and economy.

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