PM to launch Ehsaas Saving Wallets initiative today

According to details, the Prime Minister will be briefed on the specialized key features of this Ehsaas Financial Inclusion Strategy, which was launched by Imran Khan in 2019 in the presence of Queen Maxima of the Netherlands when she visited Pakistan.

As per a press release issued on Sunday, financial and digital inclusion of seven million households is one of the seven overarching goals of the Ehsaas Strategy.

The ESWs initiative is predicated on the understanding that digital and financial inclusion will open avenues for women to take better advantage of opportunities offered under the Ehsaas National Poverty Graduation Initiative.

From now onwards, Ehsaas Kafaalat beneficiaries will have the option of either drawing their money or saving money into digital wallets.

The beneficiaries of this initiative can open these accounts at agent shops or ATMs.

In detail to the initiative, it’s been reported that 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 basic aim of this program is to encourage savings which has shown to help alleviate poverty.

Moreover, it will deepen the financial inclusion initiated under the 'One Woman One Bank Account Policy'.