Government launches Shuhada Family Welfare Account scheme
- By Web Desk -
- May 11, 2018
ISLAMABAD: The government has announced a scheme to benefit the families of shuhada (martyrs) who offered sacrifices in the war on terrorism.
The Shuhada Family Welfare Account (SFWA) scheme was announced during the budget speech for year 2017-2018. The beneficiaries of the scheme include the families of shuhada of armed forces, law enforcement agencies and civilians.
Scheme envisages payment of profit to an eligible family member of shuhada at a rate equivalent to given on Behbood Savings Certificates. Moreover, the profit is exempt from deduction of withholding tax.
The National Savings Organization framed rules under the guidance of the Finance Division, which have been approved by the federal government and notified by the Finance Division on May 11, 2018.
The scheme will be implemented by National Savings Organization. It is estimated that families of more than 27,000 shuhada can benefit from the scheme.