Cash for the old to go directly into accounts

The government will wire the Sh2,000 monthly stipend directly into the beneficiaries’ accounts. FILE PHOTO | NMG

More than 1.3 million older persons, orphans and disabled people on a government funding plan are set to use a new and efficient cash transfer payment system to be rolled out this year.

It follows a move by the Department of Social Protection in the Ministry of Labour to open bank accounts for all the beneficiaries of the cash transfer programmes.

Under the arrangement, the government will wire the Sh2,000 monthly stipend directly into the beneficiaries’ accounts. This is a departure from the past, where the beneficiaries picked the cash handout from the banks each time it was disbursed. The new model will see them withdraw the money from their individual bank accounts at will using ATM cards or over the counter.

“The new system is expected to be efficient and to enable beneficiaries of the programme receive their stipend through bank accounts,” said Social Protection PS Nelson Marwa.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.