BUSINESS

Hundreds of thousands of social dividend applications

By Prokopis Hatzinikolaou

The Finance Ministry has been flooded with at least 225,000 applications for the «social dividend» benefit stemming from the 2013 primary surplus.

No more than 42,000 applications have been approved to date, another 112,000 are awaiting examination, while 71,000 have been rejected after failing the financial criteria set by the government for the distribution of the funds to those hardest hit by the financial crisis.

On May 10 some 26.5 million euros in total will be credited to the bank accounts of the 42,000 applicants whose bids have been accepted by the ministry’s electronic system.

Applications fulfilled and approved by April 30 will have the benefit paid out on May 10.

The deadline for all applications is June 30, with the total amount to be handed out reaching 450 million euros.

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