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Private banks for Social Welfare

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1Private banks for Social Welfare Empty Private banks for Social Welfare Sat Feb 06, 2010 3:13 pm

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Private banks for Social Welfare


Hassan al-Rubaie: number of beneficiaries of social welfare benefits on the rise despite the adoption of the state of poverty reduction strategy and adoption of plans aimed at reducing the proportion of 23% according to estimates announced by the Central Statistics and surveys of the Ministry of Planning ratios of up to 14% over the next four years.



According to the announced by the Ministry of Labor and Social Affairs, the number of beneficiaries of social welfare programs is approaching one million beneficiaries and the number of beneficiaries of micro-credit programs are approaching a quarter of a million people had a small productive projects with approximately 2 - 3 workers.


And the fact that such large numbers in need of care and the organization of and follow-up continues, the need for banks, bank is interested in the component we find all the elements of success in terms of economic feasibility accounts that focus on the need to establish the Bank of every ten thousand people, according to the International Computer and successful in terms of preparing the accounts and the need to raise the capabilities of these consumers and for removing degrees of consumption to the steps of productive participation in development are lifted after their financial reach.


This theme should study by the Central Bank.


Ministry of Planning and Labor and Social Affairs and civil society organizations is necessary to find mechanisms which regulate the management of this project and to study the possibility of its implementation in accordance with data to improve this service and find a permanent specialist outlets SME support and sponsor.


This call as we put in front of interested parties and stakeholders hope to get the attention and enjoys the study should make use of experiences of other countries may be preceded us in this area and seized control of the poverty statistics accurately and offered their services in order to preserve the dignity of the poor and needy

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