Cabinet approves procedure for saving and disbursing child benefit in state fund

2022-01-20 15:15:20

Ulaanbaatar /MONTSAME/ At its regular meeting on January 19, the Cabinet approved the Procedure for Saving and Disbursing Child Benefit in the State Fund and ordered Minister of Finance B.Javkhlan and Minister of Labour and Social Protection A.Ariunzaya to supervise its implementation. 


The procedure will be followed when depositing the child benefit, which is provided to 0-18 year old children in Mongolia, in the State Fund and disbursing it. 1.2 million children are entitled to child benefit as of January 1, 2022 and they will be involved in the savings scheme.


As low- and middle-income households are at risk of inadequate income at this time when the impact of the COVID-19 pandemic continues, a parent or a guardian of the child will be able to monthly receive a certain portion of the savings by submitting their application through website or ebarimt mobile application or by visiting a labour and welfare service center or any branch of a commercial bank where the savings account is being kept.


With the adoption of the child benefit savings scheme, the Procedure for Issuing Child Benefit is abolished.