US Ambassador in Pakistan Richard Olson has pledged continued support of his country for Benazir Income Support Programme (BISP).
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Ministry of Finance
Benazir Income Support Programme is the main social safety net mechanism established by the Government of Pakistan (GOP) to contribute to the alleviation of poverty. It was initiated to pay unconditional cash benefits of Rs.1000/- to underprivileged families, worst hit by the high inflation especially of food items resulting in reduction of their purchasing power.
Such unconditional cash benefits can potentially create dependency syndrome, and are not sustainable for a long time;hence, it is necessary to start programme through which opportunities can be created for these families to enable them to earn their livelihood effectively and come out of poverty cycle.
As an exit strategy Waseela-e-Haq has been started as one of the BISP initiative. This is a targeted scheme to provide loan amounting upto Rs.300,000/- to the randomly selected beneficiary families currently receiving the cash transfers under BISP to be validated through the programme eligibility criteria.
The loan for Waseela-e-Haq will only be used for establishing mutually identified businesses.
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