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Work: There are no financial allocations to launch loans at present
Economical 2023/05/31
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Batool Al-Hasani
The Ministry of Labor and Social Affairs said that launching loans for the poverty alleviation strategy depends on the financial allocations allocated within the general budget, while it begins disbursing the 36th batch of soft loans during the next five months.
The director of the Department of Labor and Vocational Training in the Ministry, Raed Jabbar Bahed, told Al-Sabah: The 35th batch of soft loans that were launched recently was for applicants since 2020, and it depends largely on the volume of amounts recovered from borrowers during the past years, which is reflected in the shares of each governorate. and recovery rate.
He pointed out that the poverty alleviation strategy loans depend mainly on the financial allocations allocated to the ministry in the general budget, so they are currently suspended until the budget is approved.
Bahedh added that the application for all loan programs approved by the Ministry is currently suspended due to the lack of sufficient financial allocations to receive new applications, noting that it is not possible to combine loans with a social welfare grant, and whoever appears in the loan payments is not entitled to apply to be included in the subsidies and vice versa.
He noted that the Ministry did not issue any decision related to dropping loans on behalf of the deceased or for any other reason, as they are collected annually by the family of the deceased beneficiary, indicating that during the next five months, the 36th batch of soft loans will be launched for those registered during the past years.
Edited by: Ali Mouafaq
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