Fri. Jul 12th, 2024
Government Of Pakistan Started BISP Savings Scheme For Poor People

BISP Savings Scheme

Good news: The Government of Pakistan has launched another program for the poor. The Ehsaas Program and Benazir Income Support Program aim to eradicate poverty across Pakistan by providing financial assistance to the poor. Recently, a new scheme was launched by the Government of Pakistan.


Under the BISP Savings scheme, the poor and deserving people will be given monthly profit on their money. It is a program designed for the poor and daily laborers under which people can benefit and improve their lifestyle and earn profit to provide financial support to their needs. This scheme is for existing Benazir Income Support Program beneficiaries and people engaged in informal employment like daily wage laborers, etc.

Also Read: 8171 Ehsaas Dynamic Survey Registration For 10500 Payment.

How to Apply for the BISP Savings Scheme

Registration procedure in the BISP Savings Scheme is very easy. You just have to follow a few steps and you will complete your registration by following the below given steps you can complete your registration.

  • First, you have to open your savings account in any bank
  • People participating in the scheme have to deposit an amount ranging from Rs.500 to Rs.1000 in their bank account every month.
  • 40% of this amount will be given to consumers as profit from the Benazir Income Support Programme
  • The duration of this scheme is two years, after two years you will be able to withdraw your entire amount
  • During these two years you cannot withdraw your principal amount but you can withdraw the profit from BISP and the profit from the bank at any time.
  • You can cancel your registration from this program at any time and get the full amount, but once you cancel your registration, you will not be able to re-register.
Government Of Pakistan Started BISP Savings Scheme For Poor People

Also Read: Rubina Khalid Started A New Registration Procedure To get 10500 From BISP.

BISP Bachat Scheme Portal

An online portal has also been introduced for registration in BIS Savings Scheme, people can complete their registration at home through this portal. The BISP portal has been provided by Govt for the convenience of people.

  • Go to this portal and complete your registration
  • You have to enter your ID card inside this portal and then enter the requested information and you will be registered in the BISP Savings Scheme.
  • You will also receive a confirmation message on your mobile after which you will be given 40% profit on your money every month.

ALso Read: Ehsaas Program 10500 Online Web Portal Status Check With CNIC .

Eligibility Criteria

An eligibility criteria has also been made for this scheme. Those who fulfill the eligibility criteria will be registered in the BISP Savings Scheme and will be given the benefit every month. The eligibility criteria are as follows.

  • All BISP beneficiaries can register for this program
  • All poor people whose poverty score is between zero and 40 can also benefit from this program
  • This program has not yet been launched across Pakistan. It has been launched only within a few districts which have been launched in the districts only the people of that district can get this registration done.
  • This program has been started in selected districts in the first phase in Islamabad, Muzaffarabad, Neelam, Peshawar, Lakki Marot, Quetta, Qila Saifullah, Karachi, Sukkur, Lahore, Multan, Gilgit and Astor.

Also Read: Get Assistence On Document Verification 8171 Ehsaas Program Latest update.

By Tayyab Anjum

Tayyab Khan is a passionate advocate for education and empowerment in Pakistan. As an active participant in initiatives like the Benazir Taleemi Program and the Ehsaas Program, Tayyab works tirelessly to uplift communities and provide opportunities for growth. Through his platform, 8171ehsaasupdate.pk, Tayyab shares valuable insights, resources, and guidance to support individuals in their educational journey. With a focus on fostering inclusive and sustainable development, Tayyab Khan is dedicated to creating a brighter future for all.

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