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Written by: Chen Shuxia
2020-06-08 18:54
Date of last update: 2020-06-08 18:54The government announced today (8th) the arrangement for distributing 10,000 yuan to permanent residents aged 18 or above. It is expected that "the money will be sacked" as early as July.
Qualified new immigrants will apply for funds through the Care Fund. The Secretary for Labour and Welfare, Luo Zhiguang, revealed that the relevant persons can apply in September, and the authorities will again consider whether they can send money early. He also pointed out that due to the economic review process involved, the related administrative costs required about 100 million yuan.
▼Twenty-one thousand 21 banks participating in the cash distribution plan▼
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The Legislative Council Panel on Home Affairs met today to discuss the issue of distributing money to new immigrants through the Care Fund. Applicants are required to pass a household-based economic review and submit supporting documents. The family income limit will refer to the level of one-off subsidy for non-public housing and non-CSSA low-income households. Taking 1-person households as an example, it is recommended to enter The interest limit is crossed at 14,325 yuan, and 203,000 people are expected to benefit, involving a total of 2.13 billion yuan.
Some Members were concerned about the possibility of arranging the payment of money to eligible new immigrants as soon as possible. Luo Zhiguang explained that if the application is synchronized with the application of permanent residents, it may cause confusion, and after consideration, it is finalized to open the application in September. He reiterated that he would reconsider the possibility of early.
The Financial Secretary Chen Maobo assessed today that the administrative fee for distributing money to permanent residents will not exceed 500 million, which is less than the 1 billion previously set aside. He was asked whether the administrative fee for non-permanent residents would also have room for downward adjustment. It is estimated that about 100 million yuan is needed. He explained that the Care Fund must conduct an economic review of each applicant and involves more administrative procedures than permanent residents.
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