News
Monday, October 10, 2011
BISP being developed into social safety net: BISP DGKARACHI: Benazir Income Support Programme (BISP) Director General Sindh Jiand Khan Jamldini said BISP was launched after the inception of democratic government of Pakistan People’s Party (PPP) so as to provide financial assistance to the poor people adversely affected by high inflation and international economic crisis.
“Now BISP is being developed into a comprehensive social safety net by provision of monthly cash grant, vocational and technical training, micro-finance for gainful self-employment, health, accident and life insurance,” he said on the occasion of a training workshop.
He further said that besides provision of cash grant as lifeline, BISP had planned to bring about real change in the life of the downtrodden families. “One of such initiative, Waseela-e-Haq is aimed at breaking vicious cycle of poverty through interest-free financial assistance. This step would enable selected families to initiate businesses and entrepreneurship; helping them to come out of poverty circle,” he said.
The director general said the selection of the families was being conducted through computerized transparent balloting process. He said: “The step is basically designed to promote self-employment among women beneficiaries or their nominees to improve their livelihood. It offers Rs 300,000 long-term interest free financial assistance to randomly selected beneficiaries.” It is based on personal trust instead of any collateral and is a completely interest free financial assistance, he said.
Director Hyderabad Abdul Majeed Soomro said that today 60 beneficiaries were participating for Waseela-e-Haq Training. “So far 792 beneficiaries have been trained in different trades and were running their businesses successfully,” he informed.
In training workshop Director Lyari Ghulam Nabi Babar, Director HQ Pervaiz Iqbal, Media Officer Shafquat Ali and other officials of SAFWCO and ECI were present. pr
Courtesy www.dailytimes.com.pk