ISLAMABAD – The government has announced a saving scheme [Bachat Scehme] under the Benazir Income Support Programme for daily wagers and other deserving people.
BISP has started receiving applications for the scheme, which has initially been launched in Islamabad, Karachi, Muzaffarabad, Neelum, Peshawar, Lakki Marwat, Quetta, Qila Saifullah, Lahore, Multan, Sukkur, Gilgit and Astore.
The eligible people for the programme are identified/selected through scientific mode of Proxy Means Test (PMT) through National Socio Economic Registry (NSER) survey. The welfare status of a household is determined on a scale between 0-100 of the PMT.
Eligibility Criteria for BISP Bachat Scheme
Following is the eligibility criteria to become part of the BISP savings scheme:
The PTM score of the applicant must be between 0 to 40 to join the programme
A person who wants to apply for the Bachat scheme program must first complete the NSER survey in the Benazir Income Support Program and then apply for the programme.
Where to Apply for Bachat Scheme?
People can visit the following site to apply for the scheme: https://savings.bisp.gov.pk/
Key Instructions for Applicants
Applicant must have a saving account in a bank
Those selected for the programme will deposit Rs500 to Rs1,000 every month in the account
The Customs will get an additional 40% of their savings through BISP
The duration of the scheme will be two years and customers will be able to withdraw their amount after this period
The customers will not be able to withdraw their actual amount during this period but they can receive profit on the amount
