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Egypt's Ministry of Social Solidarity officially launched celebrations marking the 10th anniversary of the "Takaful and Karama" conditional cash transfer program for the marginalized groups, under the patronage and in the presence of Prime Minister Mostafa Madbouly.

Takaful and Karama program was launched in 2015, targeting 1.7 million families, said Minister of Social Solidarity Maya Mosry. Since then, it has expanded significantly, serving a total of 7.7 million families to date, with approximately 4.7 million families currently benefiting from the program, she added.

The Minister of Social Solidarity the Takaful and Karama program represents the largest social protection initiative implemented in Egypt over the past decade.

Minister Maya Morsy also announced Egypt’s adoption of a new international platform dedicated to coordinating social protection policies. The platform will serve as a forum for experts and stakeholders to celebrate achievements, exchange ideas, and collaborate on advancing social protection efforts globally.

Prime Minister Mostafa Madbouly stated that funding for the Takaful and Karama program has reached EGP 41 billion in the current fiscal year, with plans to increase it to EGP 55 billion in the upcoming fiscal year.

Source: Egypt Today