Karachi: Benazir Income Support program Director General Sindh Mr Jiand Khan Jamldini said that Benazir Income Support Program (BISP)was launched after the inception of democratic government of Pakistan People’s Party, as a means to provide financial assistance to the poorest of the poor adversely affected by the 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 & Technical Training, Micro Finance for gainful self-employment and Health, Accident & Life Insurance.
He further said that besides provision of cash grant as life-line, BISP has planned to bring about real change in the life of these downtrodden families. One of such initiative, 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. 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.
Premise is that marginalized families have skills, which remain unutilized and untapped. The facility is alternative to the conventional banking system, which rejects the poor after classifying them on non-creditable. these training are provided in collaboration with SAFWCO & ECI for the deserving and eligible families of BISP.
Director Hyderabad Mr Abdul Majeed Soomro said that today 60 beneficiaries are participating for Waseela-e-Haq Training. So far 792 beneficiaries are trained in different trades and they are running their businesses successfully.
In training workshop Director Lyari Mr Ghulam Nabi Babar, Director HQ Pervaiz Iqbal, Media Officer Shafquat Ali and other officials of SAFWCO and ECI were present.
For more information, contact:
Assistant Media Officer
Benazir Income Support Programme (BISP) – Sindh
Cell: +92333 239 4466