LAHORE – The Bank of Punjab (BOP) and Punjab Social Protection Authority (PSPA) jointly launched Masawaat Program for transgenders who face a range of personal, social, cultural, and economic headwinds, which often exposes them to a high risk of isolation, social and financial exclusion. This Program will provide unconditional cash transfer for elderly transgender persons with a benefit amount of Rs. 3,000 per month and Rs. 2,000 per month for disabled ones. All payments will be transferred electronically by the Bank of Punjab which will open new vistas of banking including financing for this particular segment in line with the overall agenda of promoting financial inclusion in the Country.
The launching ceremony was hosted by The Bank of Punjab at Crystal Hall PC Hotel Lahore. Mr. Zahid Mustafa (Group Chief Consumer & Digital Banking – BOP) welcomed the guests and gave an insight on the various ongoing projects under the umbrella of Govt’s Ehsaas Program running all across Punjab being managed by PSPA in collaboration with The Bank of Punjab.
The projects include “Khidmat Card PWD” for differently-abled persons, “Zewar-e-Taleem” Program for girls enrolled in public sector schools, “Ba-Himmat Bazurg” Program for elderly persons above the age of 65, “Sila-e-Fun Program” for elderly artists who have served in the related field for more than 25 years, “Punjab Human Capital Investment Project -Health & Nutrition CCT” for underprivileged women to utilize the health and nutrition services during first 1000 days lifecycle of the child which include pre/post-natal care, skilled birth attendant, growth monitoring, vaccination, and immunization. In all these mentioned programs, BOP is facilitating PSPA for the registration of these beneficiaries, their digital payments disbursement, and cash-outs.
Speaking at the occasion, Mr. Zafar Masud (President & CEO – The Bank of Punjab) appreciated PSPA’s role in the social uplifting of underprivileged segments of the society especially the Transgender community through their social grants projects and ensured full support from BOP.
Ms. Beenish Fatimah Sahi (CEO PSPA) gave an overview of all the ongoing and upcoming projects of PSPA; she appreciated BOP for playing a vital role and its continuous support in executing these programs.
Mr. Jamal Nasir Cheema (VC PSPA) updated about the Government’s vision of Social uplifting and financial support of the underprivileged and thanked BOP in supporting PSPA.
