Benazir Income Support Programme (BISP) plans to replace the current debit card system with biometric system under which beneficiaries will be able to draw their amounts by use of fingerprints only. This was stated by the chairperson BISP Marvi Memon in a meeting chaired by Minister for Finance Mohammad Ishaq Dar to review various new proposed initiatives here the other say.
She said that the number of cash-out points would increase manifolds to facilitate the beneficiaries across the country. In addition, the new model was designed in line with the financial inclusion targets of the Government and would reduce cost for the exchequer, the meeting was further informed.
Chairperson BISP Marvi Memon and BISP management also briefed the Finance Minister on the proposed updating of National Socio- Economic Registry (NSER) as well as the proposed new banking model of BISP. Senior officials of Ministry of Finance also attended the meeting.
The meeting was briefed on the various aspects of National Socio-Economic Registry (NSER) and its linkage with various social sector initiatives.
It was noted that in order to have a true assessment of the socio economic conditions of the people and to plan better for their uplift, it was important that the data is updated on a regular basis.
The meeting was informed that BISP database is the most reliable database on the socio-economic status of 27 million households across the country and is being employed by multiple social sector programmes of both federal and provincial governments.