Big News: BISP Abolish Franchise System To End Corrupt Practices – 8171 Report 2024

BISP Abolish Franchise System

The Benazir Income Support Program (BISP) has taken a significant step to combat corruption by abolishing the franchise system used for payment distribution. This big announcement aims to ensure that all eligible individuals receive their full 8171 support payments without delays or unauthorized deductions. The move comes after multiple reports of mismanagement and corruption associated with the previous franchise system. To improve the system, BISP Chairperson Rubina Khalid has partnered with six major banks in Pakistan, creating a more transparent and efficient payment method.

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BISP Abolishes Franchise System to End Corruption in Fund Distribution

BISP beneficiaries have long expressed concerns about payment deductions and delays caused by the corruption in the franchise system. To address these issues, BISP has revamped its entire payment distribution process. Now, all payments will be handled directly through a network of six banks, making it easier for beneficiaries to receive their funds without interference.

This shift is expected to greatly enhance the overall transparency and accountability of the program.

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Chairperson Rubina Khalid Takes Action Against Corruption

The decision to abolish the franchise system came after BISP Chairperson Rubina Khalid made several surprise visits to franchise locations. She found widespread complaints from female beneficiaries who were being unfairly charged or not receiving their full payments. This led to the decision to eliminate the franchise model and partner with reputable banks to handle all future payments.

This change will guarantee that all beneficiaries receive the financial support they are entitled to without any obstacles.

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List of New Banks Partnered with BISP

BISP has partnered with six leading banks in Pakistan to manage the new payment distribution system. These banks include:

  • Bank Al Falah
  • Bank of Punjab
  • Mobilink Microfinance
  • Telenor Microfinance Bank
  • Habib Bank Limited (HBL)
  • HBL Microfinance

This collaboration is expected to provide secure and timely payments, offering peace of mind to all beneficiaries who rely on the Benazir Kafalat Program for financial assistance.

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Register for BISP Payments via NSER Survey 2024

BISP has clarified that online registration is not available. Instead, registration is carried out through the NSER Survey at your local Tehsil Center. The survey team will assess your financial situation and determine your PMT Score. If your score is below 30, you will be eligible for financial assistance under the Benazir Kafalat Program. If your score exceeds the qualifying range, you will be informed that you do not meet the criteria.

This system ensures that only those truly in need receive support.

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Conclusion

The decision to abolish the franchise system marks a crucial step in BISP’s efforts to combat corruption and ensure that beneficiaries receive their rightful payments. By partnering with six well-established banks, BISP aims to increase transparency and efficiency in the payment process. This new approach is a significant improvement, providing direct transfers to beneficiaries and eliminating corrupt practices once and for all.

FAQs

  1. Why did BISP Abolish Franchise System?
    BISP abolished the franchise system to combat corruption and ensure direct payments to eligible beneficiaries.
  2. Which banks are now partnered with BISP Abolish Franchise System?
    BISP has partnered with six banks, including Bank Al Falah, Bank of Punjab, Mobilink Microfinance, Telenor Microfinance Bank, HBL, and HBL Microfinance.
  3. How can I register for theBISP Abolish Franchise System?
    Registration is conducted via the NSER Survey at your local Tehsil Center. There is no online registration option available.
  4. What is the NSER Survey?
    The NSER Survey assesses an individual’s financial situation to determine their PMT Score, which determines eligibility for the Benazir Kafalat Program.
  5. What happens if I don’t meet the eligibility criteria?
    If your PMT Score is above 30, you will be informed that you do not qualify for the program.
  6. How does the new payment system work?
    Payments are now handled directly through partnered banks, ensuring secure and timely transfers without any franchise involvement.
  7. Are there any changes to the payment schedule?
    No, the payment schedule remains the same, but beneficiaries will now receive direct bank transfers.
  8. Can I check my registration status online?
    No, BISP has clarified that registration is done through the NSER Survey, and there is no online registration or status check option.
  9. What if I encounter issues with my payment?
    If you face any issues, you can visit your nearest BISP Tehsil Office or contact your partnered bank for assistance.
  10. How will this new system prevent corruption?
    By partnering with banks, BISP ensures direct and transparent payment transfers, eliminating the corruption issues that were rampant under the franchise system.

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