NATIONAL INTEREST

Welfare schemes are always popular specifically when they have prize money associated to it. It is a commendable effort on behalf of State Bank of Pakistan to introduce Students Welfare Prize Bond of Rs One Hundred. It would help to develop saving culture in youth who are 62 percent of the total population. Other than the financial well being of students such an investment would help to control inflation as well as lessen the worry of parents regarding expenses on studies. But the distribution needs some attention. Mostly, it has been purchased in series by the dealers or other than students. As the scheme is launched to benefit students it should be given through educational institutions where there are branches of banks or through representatives visiting schools and colleges to encourage children and youth to take part in the scheme. While giving prize bond money it should also be checked that the children and youth benefit. For this purpose parents can produce a B form if necessary. All should be provided an opportunity to purchase even if they wish to have a single bond.

Such schemes are also required for Senior citizens, disabled people, and exclusively for Women in the country. Welfare initiatives help people to realize the problems and sufferings of others and provide them the opportunity to overcome them with dignity. It also gives them hope and makes them responsible to save something for tomorrow. It is important to ensure that such welfare facilities reach the right people then only it can be more effective. The State Bank through its National Savings Plans has launched various schemes which are benefitting people, but the procedure is a bit difficult for those who avoid travelling. Similarly, if different Prize Bonds are introduced on the same pattern as other bonds it would help people to save for a cause and take part in the national progress and development of the country.