Background[ edit ] During the decades of the 60s and the 70s, India nationalised most of its banks.
BISP beneficiaries are dispersed in wide geographical locations across the country and it is a challenge for BISP to provide the disbursement services in a cost effective manner. This exercise has highlighted the fact that the partner banks are deficient in establishing POSs causing difficulties to beneficiaries in getting cash on time closer to their homes.
Negotiations are being held with the banks to increase number of POS agents and ATM to match beneficiary concentration. Spot checks during payment disbursement days were initiated.
Field officers are required to visit at least Banking reforms and its impact in payment site on daily basis. This has helped curb the role of touts and agents significantly by creating strong deterrence for any financial mismanagement. Cases related to the possible banks role in corruption and fraud are also sent to FIA Cyber Crime wing after preliminary investigations as these are very complicated in nature and require expertise that BISP does not have.
This is a very sophisticated data analysis tool which generates reports on daily basis and will help in effective monitoring of Banks and Field operations alike.
It works from 9am to 11pm. Various dashboards have been designed and Corporate Management adopted for efficient and improved service delivery. The issues of beneficiaries are resolved on spot through case management system.
Introduction of Quick Book BISP has introduced new accounting systems such as QuickBook software in order to streamline its internal accounting procedures. Beneficiary Feedback and Impact Evaluation BISP maintains a comprehensive evaluation component of both the UCT and CCT initiatives that not only measure the wellbeing effects among beneficiaries but also inform the management that how these impacts vary across different socio-economic groups of beneficiaries, across regions and over time.
In addition, these evaluation techniques also help to understand the key issues and bottlenecks so that program modification and redesigning could be done for effective targeting.
These evaluations are also important for better transparency and accountability of the program. Currently, following two major impact evaluation studies are ongoing: Following are the key findings of the first follow-up report conducted by OPM: Primary Impact BISP is having an impact on increasing consumption expenditure and reducing poverty for households within the relevant RD treatment sub-sample.
The evaluation indicates that per adult equivalent monthly consumption expenditure has induced a net increase for the RD treatment sub-sample of Rs. This means that BISP has led to an improvement in the welfare of beneficiary households such that they are not only less likely to be under the poverty line, but also that those who remain in poverty are closer to the poverty line.
BISP has reduced rates of malnutrition amongst girls aged months as measured by wasting, a measure of short-term malnutrition. This result appears to hold regardless of whether the beneficiary actually collects the transfer herself. Secondary Impact BISP has caused a change in the livelihood strategies adopted in beneficiary households.
BISP has decreased the proportion of working aged men engaged in casual labour but increased the proportion of men who are self-employed. This indicates that BISP may be supporting the adoption of less vulnerable livelihood strategies.
BISP reduces the proportion of boys who engage in child labour. BISP is associated with an increase in the reported expenditure on health, increasing per adult equivalent health expenditure by around Rs. BISP has induced an increase in the propensity to save amongst beneficiary households in Khyber Pakhtunkhwa.
The payment mechanism also presents an untapped potential to improve the financial access of beneficiary households.
The 2nd round is in progress. BISP is utilizing all these spot checks and feedback report to improve its design, field operation and course correction so that maximum benefits could be given to the beneficiaries at their door steps. New Payment Model BISP signed banking contracts with 6 banks on non competitive basis in for 18 months and since then has been extending the same on annual basis.
On 3rd NovemberBISP Board approved hiring of new payment agencies on open competitive basis and finalization of the new payment model on the basis of lessons learned and best global practices.
Concurrence of the model will now be obtained from Finance Division and subsequent to that, an RFP would be floated to hire new payment agencies under the new model.
The architecture of the present payment model is as under: Un personalized cards are subject to impersonation. Beneficiaries incapable of using instrument themselves lead to exploitation.
Frequent complaints and service quality issues are faced w.
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Lack of clarity of obligations in present contracts. Current model is non-beneficiary centric. Virtual account benefit of un-withdrawn funds is to the bank banking floats.
Banks not proactive in serving beneficiaries. Non debit card issuing banks do not facilitate withdrawals and create hurdles for the beneficiaries.focus on “Banking Reforms in Nigeria and Its Impact on the Economy”.
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