JazzCash, Pakistan’s leading fintech organization, has been selected as a key partner for the Benazir Income Support Program (BISP) fund disbursements. This collaboration aims to empower underserved communities, with a special focus on women’s inclusion.
Partnership Overview
JazzCash will utilize its extensive network of agents and retailers to distribute funds to over 1.3 million BISP beneficiaries. This partnership reflects JazzCash’s commitment to providing accessible digital financial services, thus contributing to the economic empowerment of Pakistani women.
Statements from Key Figures
Aamir Ibrahim, CEO of Jazz, emphasized the collaboration’s goal: “In partnership with BISP, we aim to uplift the economic well-being of Pakistani women. Leveraging JazzCash’s network, we strive to offer accessible digital financial services, thereby fostering the financial empowerment of BISP’s beneficiaries. This effort embodies our mission to improve lives and livelihoods through digital and financial inclusion.”
Murtaza Ali, Head of JazzCash, emphasized the partnership’s vision: “JazzCash and BISP envision a future where financial inclusion promotes social upliftment, dismantling barriers and offering equal opportunities for all.” This partnership demonstrates our shared commitment to positively impact the lives of those in need.”
About BISP
The Benazir Income Support Program (BISP) is Pakistan’s largest social protection organization, offering financial assistance to over 9 million women. Beneficiaries receive cash assistance of Rs. 10,500 per quarter for three years. JazzCash will facilitate cash withdrawals using biometrically enabled services throughout this period.
Chairperson’s Address
Chairperson BISP, Muhammad Amjad Saqib, stressed the collective responsibility towards uplifting marginalized communities: “Regardless of our designations, as citizens of Pakistan, we must perform our duties. Through love and respect for our women, we can bring positive changes to their lives. This ceremony reaffirms our commitment to serving the most vulnerable members of society with dignity and transparency.”
Geographical Focus
The partnership targets timely fund disbursements across various districts in Pakistan:
- Sindh: Sanghar, Nawabshah, Mirpurkhas, Tharparkar, Matiari, Umerkot, Sujawal, Tando Allahyar, Tando Mohammad Khan, Hyderabad
- Balochistan: Kaharan, Chaghai
- Punjab: Rahim Yar Khan
- Khyber Pakhtunkhwa: Malakand
How to Apply for BISP
Eligibility Criteria
To apply for BISP, beneficiaries must meet the eligibility criteria based on poverty levels determined by the Poverty Score Card (PSC).
Application Process
- Eligibility Check: Verify that you meet the eligibility criteria.
- Registration: Visit the nearest BISP office or designated registration centers with necessary documents, including CNICs.
- Verification: Your details will be verified to confirm eligibility.
- Approval and Disbursement: Upon approval, you will receive quarterly cash transfers of Rs. 10,500 for three years.
Impact and Achievements
Key Statistics
- Program Reach: Launched in 28 districts of Pakistan.
- Beneficiaries: Over 3,000 BISP beneficiaries enrolled as Sales Agents.
- Total Sales in 2023: PKR 224 million.
- Microloans: Average loans of PKR 10,000 – 20,000 disbursed.
- Average Sales: Monthly sales ranging from PKR 5,000 – 10,000.
Testimonials
Amina from Mirpurkhas: “Through BISP and JazzCash, I started a small business selling homemade crafts. The financial support and training have significantly improved my family’s income and stability.”
Sadia from Tharparkar: “The cash assistance has helped me send my children to school and afford necessary medical treatments. This program has been a lifeline for us.”
JazzCash Partners with Benazir Income Support Program (BISP) for Fund Disbursements – Frequently Asked Questions
1. What is the partnership between JazzCash and BISP about?
JazzCash, Pakistan’s leading fintech organization, has partnered with the Benazir Income Support Program (BISP) to disburse funds to over 1.3 million beneficiaries. This collaboration aims to provide accessible digital financial services, with a special focus on women’s financial inclusion and economic empowerment.
2. How will JazzCash facilitate the fund disbursements for BISP?
JazzCash will use its extensive network of agents and retailers to distribute funds. Beneficiaries will be able to withdraw their cash assistance using biometrically enabled services, ensuring secure and convenient access to their funds.
3. Who is eligible to receive funds through this partnership?
To be eligible, beneficiaries must be registered with BISP and meet the poverty criteria determined by the Poverty Score Card (PSC). The program primarily targets the most impoverished households, with a special focus on empowering women.
4. How much financial assistance do BISP beneficiaries receive?
Each eligible beneficiary receives cash assistance of Rs. 10,500 per quarter for three years. This financial support aims to help families sustain their consumption of essential goods and services.
5. How can I apply for BISP assistance?
To apply for BISP, you need to:
- Verify that you meet the eligibility criteria based on the PSC.
- Visit the nearest BISP office or registration center with necessary documents, including CNICs.
- Undergo verification to confirm your eligibility.
- Upon approval, you will receive quarterly cash transfers.
6. What geographical areas are targeted by the JazzCash-BISP partnership?
The partnership targets timely fund disbursements across various districts in Pakistan, including:
- Sindh: Sanghar, Nawabshah, Mirpurkhas, Tharparkar, Matiari, Umerkot, Sujawal, Tando Allahyar, Tando Mohammad Khan, Hyderabad.
- Balochistan: Kaharan, Chaghai.
- Punjab: Rahim Yar Khan.
- Khyber Pakhtunkhwa: Malakand.
7. How does the partnership aim to empower women?
By directing cash transfers to the female heads of households, the partnership promotes gender equality and women’s economic empowerment. This financial independence enables women to make household expenditure decisions and improve their status within the community.
8. What are some success stories from the BISP program?
- Amina from Mirpurkhas: Started a small business selling homemade crafts with the financial support from BISP and JazzCash, significantly improving her family’s income and stability.
- Sadia from Tharparkar: Used the cash assistance to send her children to school and afford necessary medical treatments, making a substantial positive impact on her family’s well-being.
9. What are the key achievements of the BISP program?
- Launched in 28 districts of Pakistan.
- Over 3,000 BISP beneficiaries enrolled as Sales Agents.
- Total sales of PKR 224 million in 2023.
- Microloans averaging PKR 10,000 – 20,000 disbursed.
- Monthly sales ranging from PKR 5,000 – 10,000 by beneficiaries.
10. Where can I get more information about BISP and JazzCash’s initiatives?
For more information or to apply for BISP, visit BISP’s official website or contact the nearest BISP office. To stay updated with JazzCash’s latest initiatives, visit JazzCash’s official website.
Conclusion
The partnership between JazzCash and BISP represents a significant step towards financial inclusion and empowerment of underserved communities in Pakistan. By leveraging JazzCash’s digital financial services, BISP aims to provide accessible and timely financial assistance to millions of women, fostering economic growth and social upliftment.
Contact Information
For more information or to apply for BISP, visit BISP’s official website or contact the nearest BISP office.
Stay updated with JazzCash’s latest initiatives by visiting JazzCash’s official website.
Final Thoughts
This collaboration exemplifies how public-private partnerships can drive meaningful change and improve the lives of the most vulnerable populations. Through continuous support and innovation, JazzCash and BISP are paving the way for a more inclusive and prosperous Pakistan.