Iranian Military Retirees See Major Boost in ‘Hekmat Card’ Credit for September
In a significant move to enhance the welfare of its retired military personnel, Iran has substantially increased the monthly credit allocation for the specialized ‘Hekmat Card’. The card’s recharge value for the current Iranian month of Shahrivar has been raised to 6 million tomans, a major increase from the previous 1.3 million tomans.
This policy enhancement, which responds to the retirees’ calls for improved financial support, is designed to directly increase their purchasing power and provide greater access to essential goods and services.
A Substantial Increase in Financial Support
The Hekmat Card is a financial instrument specifically designed for military retirees, allowing them to make purchases on an installment plan. The decision to quintuple its credit value is seen as a transformative step for retirees on a fixed income, significantly improving their ability to manage household expenses amid economic pressures.
Beyond immediate cash purchases, the augmented credit dramatically expands the scope of the card’s 24-month installment plan feature.
Expanded Purchasing Power for Essential Goods
The most consequential change is the new ceiling for installment purchases. With the 6 million toman credit and a 24-month repayment period, retirees can now make purchases worth up to 144 million tomans.
This new limit enables retirees to more easily acquire high-value necessities, from home appliances to medical equipment, that were previously out of reach, marking a considerable improvement in their quality of life.
Table: Hekmat Card Credit Changes
| Feature | Before Increase | After Increase |
| :— | :— | :— |
| Monthly Credit | 1,300,000 Tomans | 6,000,000 Tomans |
| Repayment Period | 24 Months | 24 Months |
| Installment Purchase Ceiling | 31,200,000 Tomans | 144,000,000 Tomans |
Key Benefits for Retirees
The credit upgrade offers multiple advantages for retired military personnel, including:
- A direct increase in purchasing power for essential goods.
- The ability to manage large expenses through long-term, interest-free installments.
- A buffer against inflationary pressures on fixed-income households.
- Enhanced welfare conditions for those who have served.
Government-Led Welfare Initiative
This initiative is the result of coordinated efforts between government institutions and supportive bodies. It underscores a continued commitment to addressing the legitimate economic concerns of retirees and improving their living standards. Financial experts within the country view such credit mechanisms as vital tools for providing sustained support to this segment of society.
The substantial increase in the Hekmat Card’s value is poised to have a direct and positive impact on the daily lives of military retirees, ensuring they receive the continued support commensurate with their service.
