ISLAMABAD, Pakistan: Prime Minister Imran Khan on Monday launched the Ehsaas Saving Wallets (Ehsaas Bachat Bank Account) Initiative, aimed at the financial and digital inclusion of women.
From now onwards, the Ehsaas Kafaalat beneficiaries will have the option of either drawing their money or saving money into digital wallets.
The beneficiaries of the Kafaalat Program can open these accounts at agent shops or ATMs.
The initial transactions through these accounts will include balance inquiry, cash in and cash out, transfer funds received from Ehsaas to mobile accounts, mobile top up, utility bill payments, and money transfers.
The aim of the program is to encourage savings which has shown to help alleviate poverty. It will deepen the financial inclusion initiated under the ‘One Woman One Bank Account Policy’.
Prime Minister @ImranKhanPTI visited an Ehsaas Kafaalat payment site today and inaugurated the Ehsaas Saving Wallets (Ehsaas Bachat Bank Account). He was given detailed briefing on the initiative.
The PM also interacted with the beneficiaries. pic.twitter.com/X4Hlx64VSw
— Prime Minister’s Office, Pakistan (@PakPMO) May 24, 2021
In his address at the Inauguration Ceremony of Ehsaas Saving Wallets in Islamabad, the prime minister termed it a very significant program saying financial inclusion of women will help in their mainstreaming and reduce the poverty.
The prime minister said that through the Ehsaas Bachat Bank Account, the women will be able to better utilize the cash assistance being given to them under the Ehsaas Program. He was confident that like other programs of Ehsaas, it will also prove to be a success.
Imran Khan pointed out that the Ehsaas Cash Emergency Program has been ranked amongst top four social protection interventions by the World Bank.
The prime minister said that in the wake of COVID-19, cash assistance was delivered to the deserving families in the most transparent and apolitical manner. He said that if timely assistance was not delivered, the situation arising out of the pandemic would have added to the woes of the poor lot. He noted that no nation can become great until and unless it takes care of the poor people.
The prime minister once again expressed the commitment to uplift the weak segments of the society as per the principles of State of Madina.
