Egypt has launched a EGP 4 billion initiative to support 10 million families on ration cards, providing additional financial aid through increased allocations of EGP 125 for single-person and EGP 250 for multi-person ration cards for March and April. The disbursement aims to alleviate economic burdens on vulnerable citizens.
The Egyptian government has launched a significant initiative with a budget of EGP 4 billion aimed at supporting 10 million families registered on ration cards. This initiative, overseen by Finance Minister Ahmed Kouchouk and Supply and Internal Trade Minister Sherif Farouk, is designed to provide critical financial aid to vulnerable families amidst ongoing economic challenges.
As part of this social protection scheme, EGP 2 billion has been allocated for immediate use, allowing the Ministry of Supply and Internal Trade to deliver an additional EGP 125 to single-person ration cards and EGP 250 to cards holding two or more individuals. This additional support will be extended for the months of March and April.
The disbursement of funds has commenced today, marking an essential effort to strengthen social safety nets and alleviate economic pressures on Egypt’s low-income citizens. This initiative is a pivotal measure aimed at improving the living standards of those in need.
In summary, the Egyptian government’s EGP 4 billion initiative seeks to provide essential financial support to approximately 10 million families registered on ration cards. By allocating EGP 2 billion for immediate assistance, the government aims to alleviate the economic burdens faced by the most vulnerable citizens during challenging times. This initiative reflects a commitment to enhancing social protection measures for low-income families in Egypt.
Original Source: www.dailynewsegypt.com
