BISP Bachat Scheme
BISP Bachat Scheme: However, recently the Benazir Income Support Program has introduced one of its one-of-a-kind initiatives named the BISP Bachat Scheme. A new conditional procedure helps provide the funds to BISP’s current beneficiaries and informal workers. As a result, if you are currently a recipient of the Benazir Income Support Program or someone temporarily employed in an informal capacity, you are also eligible for this program.
Complete information can be seen in this article in this regard, complete details will be told under which eligibility criteria to complete the registration in this scheme. Moreover, this article will equip you with step-by-step instructions on completing the registration process for this scheme and other useful information. So if you also want to avail of this scheme, then you must read this article till the end to know the complete information.
BISP Bachat Scheme
Additional Relevant Information About BISP Bachat Scheme
In addition to this, let me tell you about this scheme if you deposit any amount between Rs.500 and Rs.1000 per month in your account according to your convenience, BISP will give you this As a profit, an additional 40% will be paid. Other than that let me tell you that the period of this scheme is of two years, after that, you will be able to withdraw your entire amount.
But mind you, you would be able to withdraw the profit offered (by BISP) only within these two years. Now along with this, let me also tell you that you can withdraw from this scheme anytime during these two years. But the key thing here is that if you leave, you have no way back into this scheme.
Eligibility Criteria for the BISP Bachat Scheme
In case you are also interested in this savings scheme started by BISP, here am I going to tell you the eligibility required to be a part of this scheme offered by BISP. Hence, those who also fall under this eligibility criteria can follow the procedure given below in this article to complete their registration process without any hurdles.
If we discuss the eligibility criteria, let me tell you, that this scheme has been launched only for the existing Beneficiaries of BISP and people engaged in informal employment, like daily wage workers, etc.
So if you also fall under the category of current beneficiaries of the BISP, or if any of you belong to informal employment, and the PMT score of your family is between 0 and 40, then you can register for this scheme.
BISP has not imposed any other condition to be eligible to join this scheme. However, these are only for the time being, If you desire to avail yourself of this scheme, you must fill out the NSER survey especially applicable to people who are not a part of BISP.
How to Apply for Registration in the BISP Bachat Scheme
All in all, if you are fulfilling all the above eligibility criteria, then, you can easily get your registration done in this scheme. The full registration process is available here to make it easy for you. Know it well, then proceed to fill in your registration process.
The process of registration in this scheme has been made very easy and simple. For that, you need to go to the nearest National Bank branch to open your BISP savings account. The account can be opened by depositing an amount of Rs.500 or Rs.1000 after opening the account. So you are eligible for this scheme after that.
It should be clear that opening up a savings account is the sole requirement to be a member of the scheme, and nothing else. Should you open any other account types, you will not be eligible to benefit from this scheme. Hence verify all the conditions at the time of registration to avoid any problem in the future.
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conclusion
This step of BISP under the BISP Bachat Scheme will be a great help for the poor and deserving families. This scheme will benefit not only the current beneficiaries of BISP but also those who have not been declared eligible under BISP due to a high PMT score. So, Your guidance is always here, I am giving you the full procedure to register in this scheme. In this article, I have also shared the eligibility criteria, etc regarding this scheme with you.
Hence, if you also want to be part of the scheme, then you must follow the procedure mentioned below in this article to complete your registration process. Moreover, if you require any type of information regarding this, you comment in the comment section, or you can visit your nearest BISP office.