The difference between the offer of Muhammad bin Salman and the marriage loan



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The difference between the offer of Muhammad bin Salman and the marriage loan




Citizen – Riyadh

After announcing yesterday the program of Sanad Mohammed bin Salman on the disbursement of applicants to the initiative of the wedding tie for the first batch, many are questioning about the difference between the marriage support initiative and marriage loans provided by the Social Development Bank.

According to the website of the initiative, the initiatives of the program Sanad Mohammed Bin Salman are social and non-profit, designed to ease the burden of beneficiaries through appeals. non-refundable offers and not loans to collect or pay, and not related to any other government or individual.
The foregoing means that Mohammed bin Salman's offer is a non-refundable grant for candidates who have passed the required courses and successfully completed the required courses. Marriage loans are like other funding tools provided by institutions to those who wish.

The program, Sanad Mohammed bin Salman, announced yesterday the start of disbursement of an offer of up to 100 million riyals for the first batch of more than 4,200 beneficiaries of the support initiative to the marriage, which is one of the initiatives of the program to support newlyweds.
This procedure follows the completion of the verification of applicants' compliance with the conditions and after receipt of the financial awareness cycle, which will contribute to the achievement of the principles of stability and allow them to start their families.
It should be noted that the program "Sanad Mohammed Bin Salman" comes from the will of His Royal Highness Prince Mohammed Bin Salman bin Abdul Aziz, Crown Prince, Deputy Prime Minister and Minister of Defense, to develop the areas of the Ministry of Defense. social nonprofit initiatives aimed at empowering citizens, and contributing to the achievement of desired goals in different areas of life.
The program aims to meet the needs of different sectors of society, in addition to setting up frameworks and rules for Prince Salman Bin Salman's nonprofit initiatives for Saudi society, combining them in a unified field. and directing initiatives to different groups according to their quality.
The program builds on many community and non-profit initiatives, in partnership and coordination with various entities, that were previously initiated and adopted by His Highness, such as supporting charities, releasing prisoners, developing historic mosques etc.





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