The Benazir Income Support Programme (BISP Bachat Scheme) Bachat Scheme is a groundbreaking initiative aimed at promoting savings among low-income households in Pakistan. This scheme not only encourages financial discipline but also supports beneficiaries by adding a government-funded bonus to their monthly savings. Launched under the broader umbrella of BISP reforms, it particularly targets women to empower them financially.
Key Highlights of the BISP Bachat Scheme:
- Monthly Contribution: Participants are required to deposit between PKR 500 to PKR 1,000 per month into a savings account.
- Government Bonus: BISP provides a 40% monthly bonus on the amount saved. For example, a monthly deposit of PKR 1,000 will receive a bonus of PKR 400.
- Scheme Duration: The total duration of the scheme is two years.
- Withdrawal Policy:
- The participant’s savings remain locked for 2 years.
- The BISP bonus can be withdrawn every 3 months (quarterly).
- Early Exit: If a participant exits the scheme early, they will not be allowed to rejoin until the cycle ends
Eligibility Criteria
To participate in the BISP Bachat Scheme, applicants must meet the following conditions:
- Must have a Poverty Score (PMT score) between 0 and 40 (verified via NSER).
- Must have an active savings account in a registered Pakistani bank.
- Must reside in one of the following cities/districts:
- Islamabad, Karachi, Lahore, Muzaffarabad, Neelum, Peshawar, Lakki Marwat, Quetta, Qila Saifullah, Multan, Sukkur, Gilgit, or Astore.
- Only one person per family is allowed to register.
How to Apply
Follow these steps to apply for the BISP Bachat Scheme:
- Ensure your household is registered in the NSER survey and your PMT score qualifies.
- Open a savings bank account if you don’t already have one.
- Visit the official registration portal: https://savings.bisp.gov.pk
- Fill out the online application form with accurate details.
- Submit your application and wait for confirmation via SMS or call.
Benefits of the Scheme
- Promotes Saving Culture: Encourages low-income individuals to develop saving habits.
- Government Support: The 40% bonus adds significant value to monthly savings.
- Financial Empowerment: Especially beneficial for women, allowing them to build financial security.
- Emergency Readiness: Accumulated funds can serve as a cushion during times of crisis.
امیدوار کے پاس قومی شناختی کارڈ اور بینک سیونگز اکاؤنٹ ہونا ضروری ہے۔
صرف ایک فرد فی خاندان اسکیم میں شامل ہو سکتا ہے۔
امیدوار کی رہائش منتخب اضلاع میں ہونی چاہیے جیسے: اسلام آباد، کراچی، لاہور، پشاور، کوئٹہ، ملتان، سکھر، گلگت، مظفرآباد، وغیرہ۔
سروے میں رجسٹریشن مکمل ہونا لازمی ہے۔ NSER
Important Points to Remember
- You cannot withdraw your own savings before two years.
- The bonus provided by BISP can be withdrawn every three months.
- If you leave the scheme early, you cannot re-enroll during the same scheme cycle.
The BISP Bachat Scheme is a powerful step toward financial inclusion and empowerment for low-income families in Pakistan. It offers a rare opportunity to save securely while earning a significant bonus from the government.
