Which Bank Gives Ehsaas Emergency Cash?

The government of Pakistan has launched the largest social safety net programme in the history of Pakistan, dubbed Ehsaas Emergency Cash, for piece-rate workers and daily wagers. The emergency cash programme has helped countless families in need. The lockdown is a result of an ongoing pandemic of the Coronavirus (COVID-19).

Habib Bank Limited (HBL)

Habib Bank Limited (HBL) has announced its full support for the Ehsaas Emergency Cash program, launched by the Government of Pakistan. This program will disburse up to Rs 12,000 in cash per family in need. This program leverages digital technologies and the private sector to reach the most vulnerable sections of society. The government will continue to support the program with additional financial resources.

HBL has almost 300 branches in Pakistan. Ehsaas program cardholders can visit their selected branch to withdraw their government funds. Branches are listed by province, branch name, and address. They can also view the contact details of the branch. The following list shows you all the branches of Habib Bank Limited that give ehsaas cash.

To date, more than 3 million beneficiaries have received their first instalment of ehsaas cash. The bank will continue to distribute rs 90 billion to these deserving citizens. The HBL will also start biometric payment operations throughout the country. The ehsaas emergency cash program has helped millions of people in Pakistan, from low-income families to those in crisis.

In addition to Punjab, HBL serves Balochistan, Khyber Pakhtunkhwa, Gilgit-Baltistan, and Azad Jammu and Kashmir. Its branches and ATMs serve all of these areas. A representative of the HBL can be contacted at any branch or ATM for assistance. A representative from the HBL office will contact the beneficiary if you are unable to make the payment.

HBL is a leading financial institution in Pakistan, targeting the unbanked. With total assets of USD 24 billion (FY’20), the bank remains committed to the goal of financial inclusion. The HBL license lasts one year from the date of licensing. Its branches are located throughout the country, and its international presence helps the bank provide services to its core customers and clients around the world.

Bank Alfalah

The government has named Bank Alfalah as one of two exclusive partners of the Prime Minister’s Ehsaas Emergency Cash Programme. The fund is valued at Rs 144 billion and will help communities affected by the COVID-19 pandemic lockdown. The bank is helping families and communities in need of help in Gilgit-Baltistan. It has donated over $ 10 million since its inception, and it’s committed to helping these communities recover.

In addition to this, Bank Alfalah also provides a savings wallet account for kafaalat beneficiaries. With this account, Ehsaas beneficiaries can deposit the money from their bank accounts into their savings wallet. Similarly, Bank Alfalah also offers 24/7 operative support to the program. This way, beneficiaries can deposit and withdraw the money at their leisure. These programs are intended to help Pakistan’s poorest citizens overcome the challenges of poverty.

The program is designed to protect poor people from financial abuse and provides an open record of available cash balances. In addition, the government has partnered with Habib Bank Limited and Bank Alfalah Limited to give Ehsaas cash to the poor. These banks will also initiate biometric payment operations across Pakistan. Earlier this week, SAPM Dr. Sania Nishtar visited an HBL branch in Islamabad’s Melody Market. She told beneficiaries how to check their balance at an ATM.

The Ehsaas Emergency Cash Programme is the largest social welfare initiative in the history of Pakistan. It has been launched in Khyber Pakhtunkhwa, Gilgit-Baltistan, and Azad Jammu and Kashmir. The Bank Alfalah team was present at the launch to ensure smooth delivery. The bank is also working on expanding the network across the country. In all, the bank expects to give out PKR 12,000 to each family member.

In addition to providing ehsaas cash, the bank is also offering VISA Classic Debit Cards for customers to use for local purchases and ATM withdrawals. These cards vary in their limitations and acceptability in different countries. In addition to these benefits, they also come with a dual interface enabled card and a 3D secure ecommerce service. A number of other benefits of the Bank Alfalah VISA Debit Card include a sign up bonus of 50 Orbits and the ability to use the card worldwide.

The Ehsaas Kafaalat program is the flagship social protection program of the government. The program offers cash stipends of Rs. 2000 per month and an account with a bank. In addition, the Ehsaas Kafaalat program is also designed to empower women by offering savings accounts. This provides the means to help the destitute and needy families.

State Bank of Pakistan

The Ehsaas Emergency Cash scheme is one of the most successful social protection programs ever implemented in Pakistan. Its beneficiaries number 100-120 million and represent about 47-56 percent of Pakistan’s population. Ehsaas is a cash grant provided to those in need by the State Bank of Pakistan. It is available to all eligible citizens and is distributed through biometrically-enabled cashpoints.

This scheme was introduced in April 2019 and is designed to help the poorest and most vulnerable people buy rations and other essential items. The government has allocated a budget of Rs.144 billion for the program. Ehsaas Emergency Cash beneficiaries are identified through a SMS campaign that includes their CNIC number. The Emergency Cash registration web portal has been developed to make it easier for beneficiaries to apply for this financial assistance.

The scheme also includes a subsidised refinance and credit guarantee for women. It is a government scheme that provides loans of up to Rs5 million to women who have the potential to start and run businesses. The programme is being implemented in 23 poorest districts of Pakistan. It is an example of a government’s attempt to improve the lives of the poor and vulnerable in a country with many problems.

The EEC programme has laid the foundation for deeper financial inclusion in the future by increasing the number of beneficiaries to twelve million. It reinforced the value of the banking system in Pakistan by enabling millions of previously unbanked people to turn up at payment sites hoping to get paid, despite being unsuitable. The EEC initiative was a success in reinforcing the importance of the banking system and empowering women to participate in financial activities.

The EEC Programme was launched within ten days of the lockdown, aiming to support up to 12 million households. It aims to increase financial inclusion and shift the payment ecosystem from cash to digital, while encouraging beneficiaries to promote the use of digital payment products in their communities. The government implemented a nationwide lockdown in mid-March. The nation has a 40% poverty rate and around 24 million people earn daily, piece-rate or self-employment.

The Ehsaas Emergency Cash program is not entirely successful in achieving the goal of economic gender equality in Pakistan. As long as the program is delivered through biometric cashpoints, women can increase their control over their finances. Unfortunately, low-literate women in Pakistan may still find it difficult to operate an ATM or navigate a debit card or PIN number. Consequently, they may be forced to rely on middlemen or a hired middleman. Further, some women may be hampered by the lack of a national ID card.

While the new program is largely digital, it will take a while to become widely available. The government aims to roll out Raast in three phases in early 2022. This system was developed in collaboration with the Bill & Melinda Gates Foundation, the World Bank, and other organizations. Its aim is to integrate more women into the formal economy, thereby promoting economic development.