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In this article,you will see complete information about the increase in aid.Besides this,you will be told with complete explanation when this increase will be applied.In this article, you will also get to see the latest information about the new registration. If you belong to a poor and needy family,then this article will helpful for you,and if you want in getting complete information,then you have to read the article completely.

If we talk about the increase stipend that approved by the IMF,the quarterly financial aid provided to the beneficiaries under the Benazir kafalat program has been increased by 3,000.After this Where first the people were provided financial aid of 10500 on a quarterly basis; now they will get 1350.And if we talk about when this increase will be implemented, then let us tell you that this increase will beimplement from January 2025,which will provide more financial to the poor families and they will be able to improve their living stander.

This decision taken by the IMF to save the poor and needy families in Pakistan from the effects of inflation.It is hoped that after this increase, poor families will be able to get out of the poverty level faster.

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Role of IMF

If we talk about the role of the IMF and the World Bank,let me tell you that at that time the IMF is working with the World Bank to improve the BISP management system. Which is a very good move.And if we talk about the BISP budget, the budget for the current year is 599 billion, which is 0.5 percent of the total GDP of Pakistan, and it represents an increase of 27 percent over the previous year.

New Registrations As Well As New Initiatives And Reforms

Let’s move the article further and talk about new registrations in this program.So first of all, let me tell you that where the financial aid of the Benazir kafalat program has increased, new registration has also been started for the three years.So that financial aid can be provided to poor and needy families by being a part of this program who are forced to live below the poverty line.

Besides this,a new electronic payment model is being established by the BISP Program,which will make it possible to pay the aid money on time.When the pilot fee of the new electric payment model by BISP is over, then this new model will be started in other cities .This new electronic payment model will be fully applicated from January 2025.

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Final Word

The increase in financial aid to the Benazir Kafalat program is a big relief for beneficiaries,with which these people belonging to poor families are now eligible to get 13,500 quarterly financial aid instead of 10,500.In fact,the main objective of this increase is to make the poor and deserving families economically stable so that they can remove themselves from the poverty level.Besides this, where the stipend of this program has been increased, new registration has also been started,which will continue for the three years.This is good news for poor and needy families who have not yet completed their registration,as now they can complete their registration process anytime in the next 3 years.