10.4M New Beneficiaries Will be Added This Year to BISP Program

In a major boost to social welfare, Finance Minister Muhammad Aurangzeb announced a significant increase in the budget for the Benazir Income Support Program (BISP). The budget for BISP has been elevated by 27%, reaching an impressive 593 billion rupees. This increase will expand the number of beneficiaries and provide additional support for educational scholarships.

Key Highlights of the BISP Program in Budget

• Budget Increase: The BISP budget has been increased by 27%, now totaling 593 billion rupees.
• More Beneficiaries: The number of individuals benefiting from BISP will rise from 9.3 million to 10 million.
• Educational Scholarships: The educational scholarship program under BISP will now include an additional one million children, raising the total beneficiaries to 10.4 million.

Expanding Financial Support

During the Budget 2024-25 speech, Finance Minister Muhammad Aurangzeb highlighted the government’s commitment to supporting vulnerable sectors through increased financial aid. The substantial increase in BISP funding aims to alleviate poverty and promote education, ensuring a brighter future for many families.

Also Read: List of 29 Cities for 10500 BISP Kafaalat Payment Distribution

Expansion of the Benazir Taleemi Program

The Benazir Taleemi scholarship program is set for significant expansion. One million more children will now benefit from this program, bringing the total number to 10.4 million. This initiative emphasizes the government’s dedication to investing in the education of the nation’s youth, which is crucial for long-term economic stability and growth.

Benefits of the Program

• Immediate Financial Relief: Provides essential financial support to vulnerable families.
• Educational Opportunities: Expands access to education for children from low-income households.
• Economic Stability: Contributes to the creation of a more educated and economically stable population.

Government’s Commitment

The Federal Finance Minister reiterated the government’s dedication to uplifting the vulnerable sectors of society. The increased allocation for BISP and the expansion of the scholarship program underline the administration’s resolve to combat poverty and promote education.

Conclusion

The significant increase in the BISP budget and the expansion of its educational scholarship program mark a critical step towards poverty alleviation and educational promotion in Pakistan. This initiative not only addresses immediate financial needs but also invests in the future of the nation’s children, ensuring long-term economic stability and growth.