The Benazir Income Support Programme (BISP) has announced a significant policy shift, abolishing its franchise system following reports of widespread corruption. This decision aims to enhance the fairness and transparency of monetary support distribution to those in need.
Reasons for Ending the Franchise System
The BISP franchise system, once used to provide financial support, has been discontinued due to mounting corruption complaints. Chairperson Rubina Khalid made secret visits to various franchise centers where women beneficiaries shared stories of withheld payments and demands for bribes. After thorough investigation, it was determined that the franchise model had been compromised by corrupt practices, which prompted its closure.
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Key Issues with the Franchise System
- Widespread corruption: Agents withholding payments or demanding bribes.
- Beneficiary complaints: Poor women not receiving the full financial aid.
- Inefficient processes: Delays and inconsistencies in payment distribution.
| BISP Franchise System Update | Details |
|---|---|
| Franchise System | Abolished due to corruption complaints |
| New System | Online wallet accounts for money transfer |
| Banks Involved | Six banks to handle monetary distribution |
| Chairperson | Rubina Khalid |
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The New Distribution System
To rectify these issues, BISP has introduced a new online wallet system, which allows direct bank transfers for beneficiaries. Six banks have been selected to manage this new process, ensuring greater security and efficiency. Under this model, payments will be directly deposited into bank accounts, reducing the risk of fraud and corruption.
Key Changes in the New System
- Franchise system abolished.
- Online wallet accounts for secure and transparent payment transfers.
- Six banks managing the new payment system.
- Elimination of middlemen, reducing corruption risks.
Chairperson’s Secret Visits and Findings
Rubina Khalid’s surprise inspections revealed the extent of corruption in the franchise centers. Beneficiaries frequently reported that franchise agents were either withholding funds or requesting bribes for disbursement. In response, Khalid initiated the move towards an online wallet system to ensure that the aid reaches those who need it most.
The Role of Banks in the New System
Under the new system, six banks will handle the monetary transfers, ensuring a smoother and more secure process. Payments will now be sent directly to beneficiaries’ bank accounts, eliminating intermediaries and minimizing opportunities for corruption.
Conclusion
BISP’s decision to abolish the franchise system is a crucial step toward transparency and accountability. The new online wallet system, supported by six banks, aims to deliver financial aid more efficiently and securely. Chairperson Rubina Khalid’s leadership and commitment to resolving these issues are expected to restore trust in the program, ensuring that it continues to provide vital support to the poor and needy.