The initiative will help beneficiaries draw, save money
Prime Minister Imran Khan inaugurated the Ehsaas Saving Wallets initiative in Islamabad today (Monday).
Pakistan’s Ehsaas Programme ranked no 4 on World Bank’s report on countries who helped their poor come out of poverty during the pandemic, Imran Khan said while addressing the ceremony. “We used technology to help everyone.”
He remarked that it is important for countries to focus on their poor. We want to make a social welfare state that takes care of its people. The government is focusing on launching programmes and schemes for women to help them start their own entrepreneurial projects. “We cannot become great if we continue to ignore our poor.”
Under his programme, the Ehsaas Kafaalat beneficiaries will have the option of either drawing their money or saving money into their digital wallets.
The initiative will help Kafaalat households manage financial shocks, meet emergency needs, and invest to increase their earnings which will help them fight poverty.
Initial transactions through these accounts will include balance inquiry, cash in and cash out, transfer funds received from Ehsaas programme to mobile accounts, mobile top-up, utility bill payments, and money transfers.
The aim of the programme is to encourage savings which will help alleviate poverty. It will also deepen the financial inclusion initiated under the ‘One Woman One Bank Account Policy’.