BISP releases Rs 17 billion for 4.6m beneficiaries

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The Benazir Income Support Programme (BISP) has released Rs 17.715 billion to around 4.6 million beneficiaries for the last quarter of FY 2013-14.

The performance of BISP for the current financial year has been admirable since the targets set for the Programme have been accomplished. Following a strategy of large-scale mobilization and massive beneficiary outreach activities through Tehsil offices, BISP has not only been able to achieve the mark but also overshot the targets to a significant extent.

The current payment has been released for the April-June 2014 quarter, Rs 3600 per beneficiary per quarter, which amounts to Rs 17.715 billion. The total disbursement at the end of FY 2013-14 amount to Rs 66 billion approximately. During the third quarter, 4.38 million beneficiaries were issued quarterly installments and for fourth quarter the number is around 4.6 million, with an inclusion of more than 200,000 beneficiaries into the programme through issuance of Benazir Debit Cards (BDCs).

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