BISP-IFAD partners to maximize livelihood
On Monday, an important meeting took place between Ghulam Nabi Marri, National Coordinator of IFAD, and Senator Rubina Khalid, Chairperson of the Benazir Income Support Programme (BISP). This strategic partnership aims to uplift the livelihoods of individuals involved in the Benazir Kafalat Program. By working together, BISP and IFAD plan to provide families with enhanced financial opportunities and stability, a step that promises significant improvements for low-income households across Pakistan.
BISP to Create New Livelihood Opportunities
As part of this initiative, BISP will focus on helping families generate reliable income streams. To ensure that resources are directed toward the most deserving individuals, those with higher PMT scores will no longer be eligible for the Benazir Kafalat Program, allowing the inclusion of more deserving beneficiaries who will receive quarterly financial support.
The meeting also focused on enhancing human resources and asset transfers to provide beneficiaries with better ways to earn a living. Both BISP and IFAD have agreed to continue their collaboration and are planning further discussions to optimize their approach.
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Why the BISP and IFAD Partnership is Crucial
Senator Rubina Khalid emphasized the importance of the collaboration between BISP-IFAD partners. This partnership seeks to maximize the impact of aid for low-income families, particularly in agricultural sectors in areas like Khyber Pakhtunkhwa, Gilgit-Baltistan, and Balochistan. The partnership will not only improve household income but also strengthen agriculture in these regions, which is a vital part of Pakistan’s economy.
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Supporting Beneficiaries Through Skilled Training
A key aspect of the collaboration is the skills training program that will soon be launched by BISP. This program will train millions of beneficiaries, equipping them with globally recognized certifications. These certifications will empower participants to seek employment opportunities, both locally and internationally.
Senator Rubina Khalid stated that improving the skills of individuals in the Benazir Kafalat Program would enhance their financial situation and allow them to contribute meaningfully to the country’s economy. This effort ensures that the benefits of the program will be felt by a broader segment of the population.
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IFAD’s Role in Providing Technical and Financial Assistance
Officials from BISP-IFAD partners extensive database and expressed their willingness to offer both technical and financial support to help launch the skills development and loan programs. These efforts will further empower participants, enabling them to become financially independent.
By providing low-income families with access to long-term loan programs and practical skills, IFAD and BISP hope to create sustainable income-generating opportunities that will have a lasting impact on Pakistan’s economic landscape.
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Final Thoughts
The partnership between BISP-IFAD partners is a landmark collaboration aimed at empowering registered women and their families through livelihood creation and skills development. This initiative will guide families towards financial independence, helping them break free from the cycle of poverty.
With this partnership, BISP is taking a bold step toward creating a self-sufficient population, contributing not only to individual households but also to the overall progress of the country.
Read more: https://ehsaas8171bispnews.com/
FAQs
- What is the primary goal of the BISP-IFAD partners?
- The partnership aims to improve the livelihoods of low-income families by providing them with new opportunities for financial independence through skills development and asset transfer.
- How will BISP help beneficiaries create income opportunities?
- BISP will provide skills training and introduce income-generating programs to help beneficiaries establish sustainable sources of income.
- What is the significance of the partnership for agriculture?
- The collaboration will strengthen agriculture in areas like Khyber Pakhtunkhwa, Gilgit-Baltistan, and Balochistan, benefiting farmers and boosting the region’s economy.
- How will the skills development program benefit beneficiaries?
- The program will equip beneficiaries with globally recognized certifications, enabling them to pursue job opportunities locally and abroad.
- What role will BISP-IFAD partners play in this initiative?
- IFAD will provide technical and financial assistance to support BISP’s skills development and long-term loan programs.
- Who will benefit from the Benazir Kafalat Program?
- The program will focus on deserving individuals with lower PMT scores, ensuring that resources reach those who need them the most.
- What sectors will the partnership focus on?
- The partnership will target both agricultural and non-agricultural sectors, providing comprehensive support to low-income families.
- How will the loan programs help beneficiaries?
- The loan programs will provide participants with access to long-term financial assistance, allowing them to invest in income-generating activities.
- What areas of Pakistan will be impacted by this collaboration?
- The partnership will focus on areas like Khyber Pakhtunkhwa, Gilgit-Baltistan, Balochistan, and other combined districts.
- How does BISP plan to ensure financial independence for its beneficiaries?
- By providing skills training, asset transfers, and access to loans, BISP aims to empower beneficiaries to achieve self-sufficiency.
Read more: https://ehsaas8171bispnews.com/
