The cash subsidy of phase 188 for the current month of Mehr, amounting to 134 trillion and 960 billion rials, has been deposited into the accounts of 15 million and 593 thousand and 12 heads of households in the fourth to ninth deciles. This news was announced by the Public Relations and Community Communications Department of the Targeted Subsidy Organization, and this deposit has been made available for withdrawal for these households.
Details of the subsidy payment and its deductions
This cash subsidy payment has been made considering the deductions related to loan installments and financial commitments of the heads of households. Among these deductions, loans for Arbaeen, loans related to COVID-19, and credit purchases can be mentioned. These actions reflect efforts to optimally manage financial resources and support households in the current economic conditions.
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Number of covered households and decile classification
According to the decile classification announced by the Ministry of Cooperatives, Labor, and Social Welfare, 45 million and 31 thousand and 223 people are in the fourth to ninth deciles. The cash subsidy for these households is deposited monthly into the accounts of their heads, and this process is carried out by 28 banks across the country. These deposits are considered an important source of income for many families and help them meet their daily needs.
These subsidies not only act as financial support for needy households but can also serve as a tool to reduce economic pressures in these specific conditions. Given the economic situation and the challenges many families face, these deposits can play a significant role in improving their living conditions.
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