The new Market Pass returns in an improved form, providing support to around 210,000 households beneficiaries of the Minimum Guaranteed Income. With a budget of EUR 400 million, the aid will be granted through a digital or printed voucher for purchases of food and emergency items. The basic monthly aid shall start at EUR 40 and shall be retroactively up to EUR 1,200 for 30 months. Minister Domna Michailidou announced that payments would begin earlier than originally planned September, probably in the summer, with the first installment including the retroactive amounts.
Analyticalally:
After Fuel Pass, here comes the new Market Pass, State aid aimed at supporting thousands of households for food and emergency markets. The measure returns in a renewed form and expanded use possibilities for beneficiaries.
Although initial forecasts placed the first payments in September,the latest information indicates that the payment of the amounts may begin earlier; Probably in the summer.
How the new Market Pass will work
The total budget of the measure is EUR 400 million. The aid will be provided in a voucher form, which beneficiaries will receive directly on their mobile phone or email.
Voucher will be used either digitally or printed, for purchases in supermarkets and other emergency stores. The Minister Domna Michailidou has stressed that this is a major change, as it offers greater flexibility to beneficiaries, who will be able to make use of the allowance whenever and wherever they wish.
Who are the beneficiaries?
The new Market Pass concerns:
- Beneficiaries of the Minimum Guaranteed Income
- About 210,000 households
- Food and basic goods purchases (excluding tobacco and gambling)
How much money will you receive
The basic aid starts at EUR 40 per month and increases depending on the composition of each household. At the same time, there is provision for the payment of refunds, which increases the total amount of financial assistance.
Indicative:
- EUR 240 for 6 months
- EUR 480 for 12 months
- EUR 720 for 18 months
- EUR 960 for 24 months
- up to EUR 1,200 for 30 months
The first month of payment will be increased, as it will include retrospectives. The implementation of the measure is expected to begin in the summer, with payments made automatically on a monthly basis.
The finalisation of the amounts and timetable will be done through the relevant CYA expected to be issued in the coming months. The new Market Pass It aims to substantially strengthen the most vulnerable households, offering the possibility of meeting basic food needs with greater ease.
By adding retroactive and flexibility to use, the measure is expected to be significant «breathing» for thousands of families across the country.
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