BISP disbursed Rs. 387 billion till March among beneficiaries


ISLAMABAD, Jun 2 (APP): Benazir Income Support Programme (BISP) has successfully disbursed about Rs. 387 billion across among its beneficiaries since inception.
According to the Economic Survey 2015-16 released here on Thursday, the numbers of BISP beneficiaries have increased from 1.7 million in FY 2009 to approximately 5.29 million at the end of March FY 2016.
BISP’s annual disbursement rose from 16 billion in FY 2009 to Rs. 102 billion in FY 2016. Since inception in 2008, BISP has transferred Rs. 387.0 billion as of March, 2016 as cash transfers to its beneficiaries.
The monthly installment was enhanced by the present government to Rs. 1200 per family in July, 2013 which has subsequently been increased to Rs. 1500/per family in 2014.
The present government has yet again increased the annual stipends from Rs. 18,000 per annum to Rs. 18,800 per annum per beneficiary w.e.f. July 1, 2015.