Egypt has initiated a EGP 4 billion program to support 10 million families on ration cards, aimed at alleviating financial strains for low-income citizens. The plan includes disbursements of EGP 125 for single-person cards and EGP 250 for larger cards. This initiative is a part of a larger social protection effort launched by the government.
In an effort to provide relief to low-income citizens, Egypt has launched a significant initiative with a budget of EGP 4 billion aimed at supporting 10 million families registered on ration cards. Ahmed Kouchouk, the Minister of Finance, alongside Sherif Farouk, the Minister of Supply and Internal Trade, has assessed the progress of this presidential directive designed to alleviate financial hardships faced by the vulnerable population.
The initiative will allocate EGP 2 billion from the government’s additional financial appropriations under the social protection scheme. The Ministry of Supply and Internal Trade is set to distribute EGP 125 to individuals on single-person ration cards and EGP 250 to those on cards for two or more family members for the months of March and April.
The disbursement for this program commenced today and is expected to benefit approximately 10 million families in dire need of financial assistance. This initiative marks a significant advancement in reinforcing Egypt’s social safety nets and is a proactive measure towards mitigating the economic struggles of its most disadvantaged citizens.
The launch of the EGP 4 billion initiative signifies Egypt’s commitment to supporting its most vulnerable families. By providing essential financial assistance to 10 million families through ration cards, the government aims to alleviate the economic challenges faced by low-income citizens, thereby enhancing the broader social protection framework.
Original Source: www.dailynewsegypt.com
