Cash Grant Program for Guyanese Citizens

President Ali’s Vision for a Prosperous Guyana

GEORGETOWN, Guyana, CMC – President Irfaan Ali believes that the GUY$100,000 cash grant to citizens 18 years and older should empower them to create long-term wealth and opportunities.

A Platform for Investment, Not Just Handouts

Speaking during a live broadcast of the program “In the Seat,” President Ali emphasized that the grant should not be perceived merely as cash handouts but as an investment platform.

Promoting Business Initiatives

He suggested that beneficiaries pool their resources and embark on business initiatives that will ultimately grow their net income, build wealth, and contribute to the nation’s progress.

A Holistic Approach to Wealth Creation

“When you take it from the individual, family, and community level, you (would) understand the comprehensive, holistic impact it can have on an individual, community, and national wealth creation,” he said in the broadcast.

Program Details

To date, 50,000 public servants and members of the disciplined services have been registered to receive the funding, and cheques are being prepared for distribution.

The government said an estimated GUY$30 billion will be distributed under the initiative during the first phase, benefiting 300,000 citizens.

Transparency and Coordination

President Ali stressed that the programme is being carried out to ensure the highest standard of transparency, and it includes thorough coordination between the Ministry of Finance, the Auditor General’s Office, the Bank of Guyana (BoG), and the Regional Democratic Councils (RDC).

Second Phase of Registration

“The capturing of persons in Region Four is ongoing, and we are hoping that once there’s enough data in the system, we can start paying out the cheques,” he said.

Conclusion

The government’s cash grant program aims to empower citizens to create long-term wealth and opportunities. By providing a platform for investment, the program encourages individuals to pool their resources and embark on business initiatives that will benefit themselves, their families, and their communities.

FAQs

What is the purpose of the cash grant program?
The program aims to empower citizens to create long-term wealth and opportunities.
How much will be distributed under the initiative?
An estimated GUY$30 billion will be distributed under the initiative during the first phase, benefiting 300,000 citizens.
Who is eligible for the grant?
Citizens 18 years and older are eligible for the grant.
How will the program be carried out?
The program will be carried out to ensure the highest standard of transparency, with thorough coordination between the Ministry of Finance, the Auditor General’s Office, the Bank of Guyana (BoG), and the Regional Democratic Councils (RDC).