BISP Bachat Scheme Online Apply | Check Eligibility Criteria

All the details related to the Benazir Income Support Programme BISP Bachat Scheme are available here. Check the eligibility criteria. BISP stands for Benazir Income Support Programme. The BISP was established in 2008.  The Headquarters of BISP is located in Islamabad, Punjab, Pakistan. The BISP is the largest social safety net program. The purpose of establishing BISP is to help poor people. The program also aims to reduce poverty in Pakistan. In this post, we will cover all the details related to the bachat scheme of the Benazir Income Support Programme.

BISP Bachat Scheme

The Bachat Scheme launched by the Government of Pakistan aims to encourage saving habits among citizens, especially low-income families. It is currently operational in 12 major cities, including Islamabad, Muzaffarabad, Neelam, Peshawar, Lakki Marwat, Quetta, Killa Saifullah, Lahore, Multan, Karachi, Sukkur, and Gilgit. This scheme helps individuals save money while earning additional benefits.

Under the scheme, participants can receive up to 40% more on their deposited amount. For example, if someone deposits 500 rupees, they will receive 700 rupees after two years. This significant return makes it an attractive option for people looking to secure their finances.

The scheme also encourages financial inclusion, allowing more people to participate in formal saving programs. By offering a simple process and assured benefits, the Bachat Scheme is becoming a reliable method for individuals to grow their savings while contributing to a culture of financial stability in Pakistan.

Registration Process

The registration process for the Benazir Income Support Programme Bachat Scheme is mentioned below.

• To take the bachat scheme you have to first open a savings account in any UBL, or HBL bank.
• After your bank account is opened you have to deposit 500 to 1000 rupees per month.
• The duration of the scheme is 2 years.
• After two years you will get 40% more money that you deposit in your account.
• You can withdraw from the scheme at any time but you can’t rejoin until the scheme period ends.

How To Apply Online For Bachat Scheme?

• Open the BISP Benazir Income Support Programme website.
• If you don’t know the URL for the BISP website. Search for BISP in the Google search engine.
• Open the first link. Now you are on the homepage of BISP.
• Write the Bachat scheme in the search bar and click on the search button.
• The BISP website will redirect you to the bachat scheme page.
• Now write your ID card number and your bank savings account number and at last click on the apply button.
• Now you are a member of the Bachat Scheme and you will get 40% more money after two years.

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Eligibility Criteria

• To participate in the BISP saving scheme you must have CNIC.
• Photocopy of B Form.
• Passport-size photographs.
• No pending loan history.
• Monthly income of less than 60 thousand rupees.
• Applicant must not be a government employer.
• Applicant must be a resident of Pakistan.

Apply Online For Bachat Scheme 

BISP Bachat Scheme Cities