Egypt Education Platform's EEP Run raises funds for Gaza    IMF approves $1.5m loan to Bangladesh    China in advanced talks to join Digital Economy Partnership Agreement    Egypt's annual inflation declines to 31.8% in April – CAPMAS    Chimps learn and improve tool-using skills even as adults    13 Million Egyptians receive screenings for chronic, kidney diseases    Al-Mashat invites Dutch firms to Egypt-EU investment conference in June    Asian shares steady on solid China trade data    Trade Minister, Building Materials Chamber forge development path for Shaq El-Thu'ban region    Cairo mediation inches closer to Gaza ceasefire amidst tensions in Rafah    Taiwan's exports rise 4.3% in April Y-Y    Microsoft closes down Nigeria's Africa Development Centre    Global mobile banking malware surges 32% in 2023: Kaspersky    Mystery Group Claims Murder of Businessman With Alleged Israeli Ties    Egypt, World Bank evaluate 'Managing Air Pollution, Climate Change in Greater Cairo' project    US Embassy in Cairo announces Egyptian-American musical fusion tour    Japanese Ambassador presents Certificate of Appreciation to renowned Opera singer Reda El-Wakil    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Government to finance EGP 37m worth development projects in Upper Egypt
Social Solidarity Ministry is moving from social protection to development and economic empowerment, says El-Kabbaj
Published in Daily News Egypt on 15 - 06 - 2020

The Ministry of Agriculture and Land Reclamation has signed a cooperation protocol worth EGP 37m with the Ministry of Social Solidarity that will go towards funding 2,400 development projects in Upper Egypt. The planned projects will be implemented by the comprehensive development projects authority, affiliated to the Ministry of Agriculture.
ElSayed ElKosayer, Minister of Agriculture and Land Reclamation, said the protocol aims to improve the living standard of citizens in the poorest and neediest areas of Upper Egypt.
The development activities will come in the form of micro-projects and integrated small service projects that serve the targeted population segments of these regions.
ElKosayer explained that his ministry's role is to provide technical support, qualify project owners nominated by the Ministry of Social Solidarity, and provide guidance to them. The ministry will also enable the participants to acquire management and operating skills.
This would happen via a delegation contract between the Ministry of Social Solidarity and the comprehensive development projects authority, with the ministry providing funding. In turn, the authority will handle consideration of the beneficiaries and their capabilities, and then nominate projects that are appropriate for their circumstances.
The implementation and management of the project will take place through a coordination committee set up between the ministry and the authority.
Minister of Social Solidarity Nevine El-Kabbaj noted that the partnership is in line with her ministry's keenness to invest in people. The partnership also serves the ministry's direction in moving from social protection to development and economic empowerment.
She stressed that this protocol focuses on supporting small farmers and small producers in the countryside. A total of 67% of the recipients of cash support programmes are from rural areas, with rural women making up 75% of the cash support card recipients.
She emphasised that the cooperation between the two ministries will take place through the Nasser Social Bank, which represents the Ministry of Social Solidarity's economic arm. Those who obtain the facilitated loans will have bank accounts opened for them to ensure electronic transfers of monthly instalments can be made. This move towards e-finance mechanisms is in line with the Egyptian state's trend towards financial inclusion.
El-Kabbaj pointed out that the protocol includes setting an integrated plan of action for the development of families and regions in need. This will take place through preparing studies, implementing agreed actions and projects, and providing financial and technical support necessary for the implementation and follow-up of these programmes and projects.
Support will also be provided for marketing the products of these projects, which leaves a positive impact on the level of living of individuals in these areas.


Clic here to read the story from its source.