Egypt Initiates EGP 4 Billion Program to Assist 10 Million Families

The Egyptian government has launched a EGP 4 billion initiative to provide financial support to 10 million families on ration cards. An allocation of EGP 2 billion will ensure additional monthly benefits of EGP 125 for single-person cards and EGP 250 for multi-member cards during March and April. This initiative aims to enhance social safety nets for low-income citizens.

In a recent initiative, the Egyptian government, under the direction of the Ministers of Finance and Supply and Internal Trade, has allocated EGP 4 billion to support vulnerable families. This initiative aims to provide additional financial assistance to 10 million families registered on ration cards, addressing the economic hardships faced by low-income citizens.

The Ministries of Finance and Supply have announced that EGP 2 billion will be sourced from the government’s additional financial appropriations dedicated to social protection. The distribution will include an additional EGP 125 for individuals on single-person ration cards and EGP 250 for those with two or more members for the months of March and April.

Beginning today, funds will be disbursed to assist approximately 10 million families, demonstrating a significant step towards reinforcing social safety nets. This effort is crucial in mitigating the socioeconomic challenges experienced by Egypt’s most vulnerable populations.

The Egyptian government’s initiative to allocate EGP 4 billion demonstrates a committed effort to support low-income families through increased financial assistance. By targeting 10 million families, the program aims to strengthen social protections and alleviate economic burdens on the most vulnerable citizens. The allocation of emergency funds showcases the government’s responsiveness to the pressing financial needs within the community.

Original Source: www.dailynewsegypt.com