Content area
Full text
Every state is liable to increase the size of the economy and for its development offers different welfare programs apart for their major economic programs. The developing countries like Pakistan, despite its limited resources, offering Benazir Income Support Program (BISP), a flagship social protection program of the Government of Pakistan to give social assistance to women.
The Government of Pakistan mentioned in its yearly report that the quarterly cash grant has been gradually improved by present government from Rs3,000 per family to Rs3,600 in Fiscal Year (FY) 2013-14, Rs4,500 in FY 2014-15, Rs4,700 in FY2015-16 and Rs4,834 in FY 2016-17. The number of beneficiaries in BISP has grown from 1.7 million in FY 2009 to almost 5.42 million at the end of March 2017. BISP's yearly disbursement rose from Rs16.0 billion in FY2009 to Rs115 billion in FY2017. The government also mentioned that since inception, BISP has transferred Rs486 billion(21st April, 2017) as cash transfers. BISP is following the path of automation and 97 percent of beneficiaries are being paid through technology based payment mechanisms.
It is also mentioned in the report that World Bank funded $150 million for 'Pakistan Social Safety Net Project' to launch UCT (Unconditional Cash Transfer) and Co-responsibility Cash Transfer/CCT (Waseela-e-Taleem)...