Title: Iran Distributes Latest Phase of Subsidy Payments to Eligible Households
Introduction
The 176th phase of the government’s targeted subsidy program has been successfully deposited into the accounts of eligible households across the nation. This initiative underscores the state’s ongoing commitment to providing economic support to its citizens.
Payment Details Confirmed
According to official reports, a sum of 126,961 billion Rials has been allocated and is now available for withdrawal. The payment has been credited to the accounts of 14,479,201 household heads classified within the fourth to ninth income deciles. The responsible government organization for the targeted subsidies confirmed that the disbursed amount reflects the necessary deductions for loan installments owed by recipient households.
Wide-Reaching Social Support
This subsidy program forms a key part of the nation’s social welfare framework. Based on the income decile classifications established by the Ministry of Cooperatives, Labour, and Social Welfare, a total of 42,313,039 individuals fall within the fourth to ninth deciles. The cash subsidy for these citizens is deposited monthly into their household heads’ accounts through a network of 28 active banks operating across the country, ensuring widespread and efficient distribution of these vital funds.