PM Imran Inaugurates Ehsaas Digital Saving Wallet Scheme to Deepen Financial Inclusion
He also mentioned that it is essential for every responsible country to focus on their poor. Furthermore, he said, Under his program, the Ehsaas Kafaalat beneficiaries will now be provided with the option of either taking their money out or saving money into their digital wallets. It is a good initiative that will assist Kafaalat households to manage financial shocks, meet emergency needs, and make investments to ramp up their earnings which will consequently help them in alleviating poverty. Initial transactions via these accounts will encompass balance inquiry, cash in and cash out, transfer funds received from Ehsaas program to mobile accounts, mobile top-up, utility bill payments, and money transfers. The principal motive behind this program is to encourage savings which could be used for making investments in the longer term which would ultimately help in reducing poverty. In addition to that, it will also deepen the financial inclusion initiated under the ‘One Woman One Bank Account Policy’ Check out? Dr. Sania Outlines Process for Reaching out to 6 million Category-4 Beneficiaries under Ehsaas Emergency Cash Program
