For cash from mother capital began to apply twice as often

High inflation and other consequences of the pandemic crisis led to a 2.2-fold increase in the number of applications from families in need to “cash out” maternity (family) capital (MCC) funds. If in 2020, 134.3 thousand Russians applied for a monthly payment in the amount of the regional children’s subsistence minimum, then in 2021 – already 295.2 thousand, which is 42% of all applications for this measure of social support. Such data are given in the analytical note of the Accounts Chamber on the execution of the budget of the Pension Fund of Russia (PFR) last year.

The option to “cash out” maternity capital has appeared for low-income families in which a second child was born or adopted since January 1, 2018. The monthly payment is made in the amount of the regional subsistence minimum for children. As Izvestia was reminded in the press service of the Ministry of Labor, in 2018-2019, such payments were assigned to families with incomes below 1.5 living wages and for children under the age of 1.5 years. From 2020 – for children under three years old, and the need criteria are relaxed: families with an income below two living wages per person can receive payments.

On the PFR website, you can independently familiarize yourself with examples that allow you to assess your chances of receiving this state support measure. For example, in Moscow, if in a family of four (two parents and two children) the total income is up to 170,968 rubles, then they will receive 16,174 rubles a month from maternity capital until the second baby is three years old. And, say, in Primorsky Krai – 131,304 rubles and 16,025 rubles, respectively. This allows you to almost completely (with a balance of about 100 with a little thousand) choose MSCs in three years.

Read more in the exclusive Izvestia article:

Borscht shortage: they began to apply for cash from mother’s capital twice as often