Fourth Wave of Electronic Subsidy Credits Deposited for Eligible Families
In a significant move to support citizens amid global economic pressures, the fourth phase of Iran’s electronic subsidy credit scheme has been officially deposited into the accounts of qualifying households. Mr. Hossein Noorouzi, CEO of the Targeted Subsidies Organization, announced the commencement of deposits on Thursday, marking a continued commitment to social welfare.
This phase, backed by a substantial credit allocation of 27 trillion tomans from the Plan and Budget Organization, is designed to provide direct, non-cash assistance to low-income families, specifically targeting the first to third income deciles.
Key Details of the Allocation
The structure of the support is clear and substantial. Each eligible individual is set to receive 500,000 tomans in credit. This means a family of four will benefit from a total of 2 million tomans to spend on essential goods. The credits are exclusively for the purchase of basic necessities—including rice, oil, chicken, meat, and dairy products—through a network of selected stores across the country.
A Dual-Purpose Initiative
Government officials outline that the program serves two primary objectives:
- Boosting Purchasing Power: To directly increase the buying power of vulnerable families facing inflationary challenges.
- Targeted, Non-Cash Support: To ensure assistance reaches its intended beneficiaries efficiently and is used for essential needs, supporting local production and market stability.
The entirely electronic system, accessible through designated banking and welfare applications, minimizes in-person procedures and enhances the transparency of the distribution process.
Streamlined Access and Future Outlook
Eligible families can now access all relevant information on how to utilize their credits through platforms provided by the Ministry of Cooperatives, Labour, and Social Welfare. The government has emphasized that this initiative is part of an ongoing commitment, with a fifth phase anticipated before the end of the current Iranian year (March 2025), pending stable resource allocation.
This latest phase is noted for its broader household coverage and a more sophisticated digital distribution system compared to previous rounds, representing a continued refinement of Iran’s social safety net strategies.