BISP Utility Store Subsidy
Benazir Income Support Program (BISP) is a source of financial assistance for many poor families in Pakistan. It offers them financial assistance every three months to meet their basic needs. BISP Eligible Beneficiaries are given financial assistance of Rs.105,000 every three months.
Apart from this, the government provides concession on Rashan to BISP beneficiaries through utility store Subsidy up to Rs.2500. However, there are many reasons why the beneficiaries cannot avail of this subsidy.
Due to this, the government has announced to stop the utility store subsidy and this subsidy amount will now be given directly to the eligible beneficiaries with their quarterly installment of 10500 rupees.
In this article, you will learn about the reasons for the cessation of utility store subsidies and the details of how to get the subsidy amount received through the utility store.
Issues with Utility Store Subsidy
BISP was supposed to reduce the financial burden of the people by subsidizing the ration of Rs.2500 Unfortunately, the system was facing many problems due to which this utility store subsidy is being stopped. Following are some common reasons.
- BISP beneficiaries live in remote and rural areas where utility stores are not available and therefore their ration subsidy is not accessible.
- Many beneficiaries are not aware that they are eligible for ration subsidy along with the BISP financial assistance and therefore miss out on ration subsidy.
- Even those people who have utility stores nearby know that they are getting discounts from the utility store but they feel inconvenienced while asking for the discount due to long queues and lack of time. They are facing problems due to which utility stores are being closed
Utility Store Subsidy Payment Directly to the Beneficiaries
Because the discount on utility stores was being given to solve the problems of the poor, but this subsidy was not reaching the poor, which is why the government is shutting it down and looking for a better alternative.
To address these issues, the government has announced a change in the subsidy distribution of Rs.2500
Beneficiaries no longer need to visit the utility store, but now the subsidy amount given to them by the utility store will be directly transferred to their BISP account.
Now they will be able to get an additional Rs.2500 directly with their monthly payment of Rs.10500
That means they will be given a total amount of 13 thousand rupees every three months.
The new system is designed to ensure that the beneficiaries can get their subsidy amount without any hassle and they do not have to waste time in long queues.
How can you get Subsidy Payment?
Now tell you how you will get the utility store subsidy amount. 10500 rupees is given to the beneficiaries by BISP every three months But now when you go to the BISP Cash Center or Jazz Cash Account or 6 banks issued by BISP to get this amount, you will be given this amount along with it.
You have to make sure that you get the full BISP amount, utility store subsidy amount, and your children’s outstanding education scholarship amount. Ba aware and register complaints in case of any deduction.
Conclusion
Government of Pakistan decided to transfer the Rs 2,500 utility store subsidy directly to BISP beneficiaries’ accounts. By streamlining the process and ensuring that the subsidy is easily accessible, the government is taking an important step toward improving the effectiveness of the BISP program.
Beneficiaries should stay informed about this update and be prepared to see the increased amount in their next BISP payment. This change not only simplifies the process but also ensures that the financial assistance provided by the government reaches those who need it most, in a timely and efficient manner.