How To Get Maternity Capital In Cash

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How To Get Maternity Capital In Cash
How To Get Maternity Capital In Cash

Video: How To Get Maternity Capital In Cash

Video: How To Get Maternity Capital In Cash
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Since January 1, 2007, a program for the issuance of maternity capital, developed by state bodies, has been implemented in the Russian Federation. All families who have given birth or adopted a second and subsequent child since 2007 are entitled to it. Within the framework of this program, these families are entitled to receive a special certificate in the amount of 365,700 rubles (since 2011). This amount will increase annually based on the rise in inflation. The legislation provides 4 areas for which you can spend these funds.

How to get maternity capital in cash
How to get maternity capital in cash

Instructions

Step 1

To improve living conditions. This direction implies that families who have received the right to the certificate can use it to buy or build housing, as well as repay loans and loans for the purchase of housing or participation in housing cooperatives.

Step 2

For the education of children. That is, the certificate can be used to pay for the educational services of one or more children in any educational institution of our state.

Step 3

To increase the funded part of the mother's pension. These funds can be placed in both state and non-state pension funds of the Russian Federation.

Step 4

For everyday needs (limited amount). In 2009, the President of the Russian Federation D. Medvedev amended the Federal Law "On additional measures of state support for families with children" according to which all families eligible for maternity capital can cash out an amount of 12,000 rubles for everyday needs. According to statistics, this program has gained wide popularity among the population, and several million people have already used it.

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