Iran Expands Social Welfare Initiative: Fourth Phase of Essential Goods Subsidy Launched for Millions
In a significant move to support household economic stability, the Central Bank of Iran has announced the activation of the fourth phase of the electronic food subsidy program for income deciles 4 through 7. This phase of the wide-reaching social support scheme commences on Sunday, September 20, 2024.
A Broad-Based Support Mechanism
The program is designed to provide direct assistance to families, enabling them to purchase essential goods without financial strain. The credit can be used to acquire 11 essential items across three key categories: dairy products, protein sources, and groceries. This targeted approach ensures support reaches vital nutritional needs.
Key Features for Consumer Convenience
The program is structured with considerable flexibility to best serve the needs of beneficiaries:
- No Purchase Limits: Beneficiaries face no restrictions on the quantity of any specific good or brand they can purchase within their allocated credit, allowing them to shop according to their precise household requirements.
- Flexible Spending: The entire credit does not need to be used in a single transaction. Purchases can be made in multiple installments throughout the availability period, which lasts until the end of Aban 1404 (mid-November 2024).
- Seamless Transactions: If a purchase exceeds the individual’s subsidy credit limit, the difference can be paid conveniently by the buyer, ensuring a smooth shopping experience.
Extensive National Reach
This phase of the program is projected to benefit a substantial segment of the population, with reports indicating coverage for over 60 million Iranian citizens. The initiative underscores a continued commitment to social welfare and economic security, providing a reliable framework for families to access basic necessities. The program offers a valuable opportunity for easy and assured procurement of essential goods within a defined timeframe.