BISP provides an extremely important social safety to the poorest segments of the society and its carefully designed schemes add value to the overall mission of empowering women. In the last 2 years, the government placed special emphasis on the expansion of BISP and improvement of its delivery mechanism. Due to its importance for the current government, the budgetary allocation has been increased in four years from Rs. 75 billion to Rs. 115 billion in FY 2016-17. At the same time, the quarterly stipend for beneficiaries has also been increased from Rs.3,000/quarter to Rs. 4,700/quarter in FY 2015-16.
BISP currently provides income support in the form of predictable quarterly cash transfers to 5.3 million families of the poorest households for consumption smoothing as well as investments in human capital development.
Table: Detail of Budget Allocation since Inception till June 2016 (Rs. Billion)