Egypt has launched a EGP 4 billion initiative to support 10 million families on ration cards. This program, overseen by the Finance and Supply Ministers, allocates EGP 2 billion to provide financial assistance for single and multiple-member households. Funds will be disbursed starting today, reinforcing social safety nets for low-income citizens.
Egypt has initiated a substantial EGP 4 billion program aimed at providing financial assistance to 10 million families who are registered on ration cards. This effort, highlighted by Ahmed Kouchouk, Minister of Finance, and Sherif Farouk, Minister of Supply and Internal Trade, aligns with presidential directives aimed at boosting social protection for vulnerable groups.
The government’s additional financial appropriations have allocated EGP 2 billion from the social protection scheme to support this initiative. The Ministry of Supply and Internal Trade will distribute EGP 125 for individuals on single-person ration cards and EGP 250 for cards that include two or more members. This financial assistance is intended to be disbursed for March and April 2023.
Starting today, the distribution of funds will commence, benefiting approximately 10 million families in need across the nation. This initiative is significant as it enhances social safety nets and aims to reduce economic hardships faced by low-income citizens in Egypt.
The Egyptian government has rolled out a vital EGP 4 billion initiative to assist 10 million families on ration cards, demonstrating its commitment to social welfare. With EGP 2 billion designated for immediate aid, the program will deliver essential financial support, illustrating a proactive approach to mitigating economic difficulties for vulnerable citizens.
Original Source: www.dailynewsegypt.com
