BISP Kafalat Savings Scheme Registration Online

The Benazir Income Support Programme (BISP) has launched the Kafalat Savings Scheme for individuals with PMT scores between 10 and 40. This scheme aims to uplift the poor and deserving population, providing them with an opportunity to develop and secure their financial future. If you are eligible, you can easily register for this scheme online or by visiting the BISP office.

Eligibility Criteria and Beneficiaries Ability

Eligibility Criteria and Beneficiaries Ability

The scheme is specifically designed for people with PMT scores between 10 and 40. The first phase covers districts such as Islamabad, Manzarabad, Neelam, Peshawar, Lucky Marwat, Quetta, Qila Saifullah, Karachi, Sukkur, Lahore, Multan, Bhagat, and Astoor. To check your eligibility and submit an application, visit BISP Official Website.

Procedures for BISP Kafalat Savings Scheme Registration

  1. Open a Savings Account: To participate in the scheme, you need to open a savings account in a bank of your choice.
  2. Deposit Monthly Amount: Participants in the Benazir-2 scheme will deposit a monthly amount ranging from Rs.500 to Rs.1000 into their bank accounts.
  3. Additional Benefits: BISP users will receive 40% of their savings, in addition to the unique benefits provided by the Income Support Program.
  4. Scheme Duration: The scheme runs for two years, after which you can withdraw the entire amount saved.

Conditions for the BISP Savings Scheme

  • No need to open a new savings account; participants can use their existing bank account.
  • Deposit an amount of Rs.500 to Rs.1000 monthly into the bank account.
  • Participants will receive an extra 40% of their savings under the Benazir Income Support Program.
  • The scheme has a duration of two years, and participants can opt-out at any time. However, rejoining may not be possible until the scheme is operational.

Frequently Asked Questions (FAQs)

Is there any fee for registration in the BISP Kafalat Savings Scheme?

No, there is no registration fee for the scheme.

How can I register for the BISP Savings Scheme?

You can register online through the official website savings.bisp.gov.pk or by visiting the BISP office.

What is the duration of the scheme?

The scheme has a duration of two years, and participants can withdraw their entire amount at the end of this period.

Conclusion

The BISP Kafalat Savings Scheme is a valuable initiative for the economic empowerment of the poor and deserving individuals. By following the simple registration procedures, you can secure your financial future and benefit from additional support provided by the Benazir Income Support Program. Don’t miss the opportunity to participate and contribute to your financial well-being.

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