Egypt's Nasser Social Bank is launching a new initiative called "Intilaka Nahw Al-Tamkeen" (Launch towards Empowerment) to support beneficiaries of the 'Takaful and Karama' social protection program. The program aims to provide a new pathway for transitioning from social protection to economic empowerment. According to Walid Al-Nahas, Deputy Chairman of the bank's board of directors, the initiative will offer financial support to help beneficiaries start their own income-generating projects.
The new product is designed to help 'Takaful and Karama' beneficiaries begin activities and projects that generate income, providing them with real opportunities for work and production. This move is part of the Egyptian state's efforts to promote financial inclusion, particularly in rural and remote areas, and to support the economic empowerment of women in line with the National Strategy for Women's Empowerment 2030.
The initiative is a collaboration between Nasser Social Bank and the Ministry of Social Solidarity, which organized a workshop for accredited journalists and media professionals. The bank's efforts in economic empowerment are focused on transforming the capabilities and energies of beneficiaries into real economic opportunities, promoting self-reliance, and contributing to the achievement of sustainable development goals.
The 'Takaful and Karama' program is a social protection initiative that provides financial assistance to eligible citizens. By partnering with Nasser Social Bank, the government aims to provide beneficiaries with access to financial services and support, enabling them to start their own projects and become self-sufficient. The bank's new product is expected to have a positive impact on the lives of thousands of beneficiaries.
Nasser Social Bank has a track record of supporting women's economic empowerment, with initiatives such as the 'Mostoura' program, which provides financing for women's projects up to 50,000 Egyptian pounds without interest. The bank's efforts are aligned with the state's goals of promoting financial inclusion and supporting economic development.
The launch of the "Intilaka Nahw Al-Tamkeen" initiative is a significant step towards empowering 'Takaful and Karama' beneficiaries and promoting economic self-sufficiency. The program is expected to have a positive impact on the lives of thousands of beneficiaries, enabling them to start their own income-generating projects and improve their socio-economic status.
The Egyptian government has emphasized the importance of promoting economic empowerment and financial inclusion, particularly for vulnerable groups. The new initiative is part of a broader strategy to support sustainable development and achieve the United Nations' Sustainable Development Goals (SDGs).
Key points
- The initiative aims to provide financial support to 'Takaful and Karama' beneficiaries to start income-generating projects.
- The program is a collaboration between Nasser Social Bank and the Ministry of Social Solidarity.
- The initiative is aligned with the state's goals of promoting financial inclusion and supporting economic development.
