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$100k cash grant payout to begin next week
(Kaieteur News) – Distribution of the $100,000 National Cash Grant for citizens aged 18 and older will commence shortly with central government employees, Minister of Finance Dr. Ashni Singh announced on Thursday.
Announcing the start of the programme, Dr. Singh said, “the first cohort will comprise those central government employees who have previously provided their bank account information and are receiving their government salaries into their bank accounts. We anticipate that these government employees will receive their $100,000 cash grant by the end of next week and we will be following up with subsequent cohorts of eligible beneficiaries thereafter”.
The payout through the banking system aligns with President Irfaan Ali’s previous call for citizens to open bank accounts as part of the government’s digitisation agenda. With active bank accounts, the government would be able to transfer cash grants swiftly, securely and efficiently, as is currently being done for central government employees.
“A central pillar of this initiative is to promote financial inclusion. This is why we are urging all Guyanese to utilise the formal banking system,” Minister Singh stated. “To initiate a seamless distribution, we are leveraging existing financial infrastructure by directly depositing the grant into the accounts of about 50,000 public servants, teachers and members of the Disciplined Services by next week. It is our intention that this efficiency encourages the wider public to embrace modern banking.”
To facilitate payments to other eligible citizens, the government said it will launch an online digital platform to allow for registration. Details of the platform and guidance on its use will be announced soon.
The Ministry of Finance said it has been working with financial institutions to simplify the process of opening bank accounts, including facilitating online applications. Demerara Bank Limited, Guyana Bank for Trade and Industry Limited, Republic Bank (Guyana) Limited and Scotiabank Guyana Incorporated are among the institutions currently facilitating the online opening of accounts.
In late 2024, the government launched the first $100,000 National Cash Grant for every Guyanese citizen aged 18 and older, which resulted in more than $60 billion being transferred to over 600,000 citizens. Citizens in the same age category are expected to benefit again from the second $100,000 grant this year, with more than $60 billion projected to be distributed when the initiative is completed.
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Does the young mothers Under 18 receives this cash grant if they have an ID ???
Can a mother under 18 with ID receives????
I will like to get my100,000 cash grant transfer into my bank republic bank or gbti.