The Benazir Income Support Programme (BISP) has decided to abolish its franchise system after several complaints of corruption surfaced. Chairperson Rubina Khalid took this decision to ensure that monetary support reaches the poor and needy people without interference from corrupt practices. The franchise system was previously used to distribute financial aid, but complaints from women beneficiaries highlighted the need for change. This decision is part of BISP’s commitment to improving transparency and ensuring fair distribution of aid.
| BISP Franchise System Update | Details |
| Franchise System | Abolished due to corruption complaints |
| New Distribution Method | Online wallet system through bank accounts |
| Number of Banks Involved | Six banks to handle payments |
| Chairperson Behind the Decision | Rubina Khalid |
Contents
Reasons for Ending the Franchise System
The franchise system was meant to help distribute money to BISP beneficiaries, but many women reported that the system was corrupted. During secret visits to franchise centers, Chairperson Rubina Khalid found that some agents were involved in corrupt practices, causing financial support to be delayed or reduced for the needy. These complaints pushed the authorities to replace the franchise system with a more secure and transparent method.
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Introduction of the Online Wallet System
BISP has now partnered with six banks to implement a new system where monetary support will be transferred directly to the beneficiaries’ bank accounts. This system will allow the poor and needy to receive their payments through an online wallet account, making the process faster and safer. With this new system, BISP cardholders no longer need to rely on franchise agents, reducing the chance of corruption and ensuring that the money reaches the right hands.
Key Changes in the New System
- Franchise system was abolished due to corruption.
- Payments will be directly transferred to bank accounts.
- Six banks will handle the payment transfers.
- The new system ensures transparency and prevents corruption.
Secret Visits and Findings by Chairperson Rubina Khalid
During her unannounced visits to several franchise centers, Rubina Khalid personally heard complaints from women cardholders. These women reported corruption and mismanagement by franchise agents, leading to delays in receiving their money or being charged extra fees. As a result of these findings, Rubina Khalid decided to abolish the franchise system entirely and introduce the online wallet system for direct payments.
Banks Involved in the New Payment System
The new payment system will be managed by six banks, which have partnered with BISP to handle the distribution of financial support. This method will provide beneficiaries with a direct transfer of money into their bank accounts, ensuring that they receive their full payments without interference from third parties. This change is expected to make the system more efficient, allowing the poor and needy to access their funds easily.
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Conclusion
The decision to abolish the franchise system within the BISP is a significant step towards improving transparency and eliminating corruption. By introducing the new online wallet system, Chairperson Rubina Khalid has ensured that beneficiaries will receive their payments directly into their bank accounts. This new method will prevent delays, reduce fraud, and make sure that the financial aid reaches those who need it most. The involvement of six banks in the payment process will help ensure that the system remains fair and secure.
FAQs
How will the new payment system work in 2024?
The new system will distribute payments through an online wallet, with six banks managing the transfer of funds directly to beneficiaries’ bank accounts.
Who decided to abolish the franchise system?
The decision was made by BISP Chairperson Rubina Khalid after discovering corruption during her secret visits to franchise centers.
What are the benefits of the new payment system?
The new system will ensure transparency, prevent corruption, and allow beneficiaries to receive their payments directly without delays or interference from third parties.