Takaful and Karama
President Abdel Fattah El Sisi has directed the social solidarity ministry to allocate an exceptional long-term social package for the most needy families, the minister said.
Minister of Social Solidarity Nevine al-Qabaj confirmed Thursday the statements made by Prime Minister Mostafa Madbouli earlier this week on adding 400,000 families to Takaful and Karama.
The former director of the Rehabilitation Administration at the Ministry of Solidarity will be tried over seizing money from the World Bank’s Takaful and Karama cash transfer program in Egypt.
The 3.4 million Meeza cards will benefit 14 million citizens and allow them to withdraw cash from ATMs, conduct purchases and make E-commerce transactions locally, she said.
3.5 million families are so far included in the Takaful and Karama program.
Along with ensuring vulnerable families receive basic nutrition, the goal is to build the human capital of the next generation and give them a path out of poverty.
The agreement was signed by Minister of Investment and International Cooperation Sahar Nasr and Regional Director of the World Bank in Egypt Marina Wes.
The ministry could restore LE 114 million, which were spent on families that should have not been included in the program.
This step comes to ensure access to the most-needy families while building sustainable paths out of poverty.
With Egypt receiving the final tranche of IMF, the government was keen to strengthen social safety nets program including Takaful and Karama.
Nearly 89 percent of those who benefit from the government’s ‘Takaful and Karama’ program are women,
Deputy Minister of Social Solidarity Nevine el Qabbag said on Tuesday that beneficiaries from Takaful and Karama social protection program have exceeded 2.2 million families.
This sum was distributed through 3,800 post offices nationwide.
(IDSC) on Tuesday denied reports that 200,000 families will be removed from the pensions lists of "Takaful and Karama" social solidarity program.
Minister of Social Solidarity, Ghada Waly, announced on Tuesday releasing LE 1.1 billion under the Takaful and Karama program.
Social Solidarity Minister Ghada Wali met Swiss Ambassador to Cairo Paul Garnier on Wednesday in Cairo to discuss joint cooperation.
Karama program extended to 27 governorates, noting that the government pays attention to Upper Egypt and the poor.
The social financial aid volume reached LE 18 billion ($1.003 billion), funded by the Ministry of Finance.
Head of Planning and Budget Committee says subsidies’ beneficiaries can be divided into tranches; high, medium and low.
President Abdel Fatah al-Sisi announced a number of decisions Tuesday that aimed to protect the poor and vulnerable people from economic reform impact.