With the increase in the number of people who are below the poverty line as well as the grave damage that the Covid 19 pandemic has brought to the economy of almost all of the underdeveloped, developing, as well as developed countries, economic stability all over the world is still shaky. Keeping in mind all these facts along with the bitter reality of increasing unemployment and high inflation rate, the South African government is considering extending the Sassa R350 grant. Keep on reading to find out that Sassa R350 Grant extended for one more year and also check Sassa status online.
If you are too a beneficiary of the grant or want to apply for it, then you should know how long the grant is going to last. Luckily, the Sassa R350 has been extended by the South African government a number of times before as a consequence of the ongoing aftereffects of the ruinous Covid 19 catastrophe. This grant was initiated because of the pandemic but since then the instability of the economy, as well as the demand of the general public, the South African Social Security Agency, is still providing funds to the beneficiaries.
Sassa R350 Grant Extended One More Year
Unlike all other coping strategies that the South African government came up with in order to facilitate the citizens during the lockdown, the Sassa R350 is something that is still functional. This grant basically comes under the Social Relief of Distress Grant also known as SRD grant which is under the control of the finance ministry. Fortunately, this grant has been extended to 31st march 2024. Individuals who have applied for the grant will receive 350 Rands each month for about a year. The basic purpose is to provide financial support for basic needs. You can apply for the Sassa R350 grant through Sassa website.
When the SRD grant has launched the criteria were set for it. People who are residents of South Africa, whether citizens or refugees and are in between the age range of 18 years to 60 years can apply. This grant was meant to provide help to the ones who are in need, especially during the long lockdown phase. Enoch Godongwana has announced that the grant will continue till spring 2024, even though it can be a burden on the economy. There are some compensatory measures that need to be taken in order to provide the fund that one more year of this grant plan will require.
Reason Of Extension
The basic initiative of providing the SRD grant was to provide social security to people in times of distress. This distress at that time was the Covid 19 pandemic and its economic degeneration. Even though the lockdown has been lifted and vaccination has been provided all over the globe, the poverty, unemployment, and inflation rate that has been continuously increasing in South Africa have led to the decision of continuing the grant. There is an issue regarding the fund-provided yearly growth rate is 8.8 percent which is a great stress for the economy.
The Sassa R350 Grant has been extended one more year because it is need of the time to provide support to the large number of people who are below the poverty line in South Africa, especially as a result of the continuously changing economic state around the globe. The uncertainty and the demand for growth have led to the extension of the SRD grant till 31 march 2024. It is expected that if the fund will be arranged, then the monthly grant amount can double in the future too.