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Users participating in social programs want information about the release of the loan. This current month, October, the federal government intends to continue the usual payments of the Bolsa Família program. Starting on the 18th, more than 21 million users will have the opportunity to receive the balance in their accounts again. However, what many are curious about is whether, in the coming weeks, the long-awaited payroll-deducted loan will become accessible to this group.
The payroll-deducted loan is a form of credit with automatic deductions from the payroll, meaning that citizens request the money and, shortly afterward, begin repaying the debt through monthly deductions from the benefit installments. This type of loan began to be released at the end of last year, when Bolsa Família was still known as Auxílio Brasil.
Read also: BOLSA FAMÍLIA Advance Payment in October: Check the Beneficiaries!
At the beginning of this year, the government under the leadership of President Luiz Inácio Lula da Silva (PT) chose to suspend the release of payroll-deducted loans for Bolsa Família users. But, after all, when will the release of the loan return for this group?
When will payroll loans return?
Recently, the debate regarding a possible return of payroll loans for Bolsa Família users reached a new level. This is because the Federal Supreme Court (STF) reviewed a case on the matter. All the justices agreed that allowing payroll loans for users of income transfer programs does not violate the Constitution.
In practical terms, the STF allowed the federal government to authorize payroll loans for beneficiaries of notable programs such as Bolsa Família, the national Gas Aid and even the Continuous Cash Benefit (BPC) of the National Institute of Social Security (INSS). Therefore, the final decision on whether to authorize the loan lies with the executive branch.
Does the government intend to authorize the loan?
Through a statement issued after the STF's decision was announced, the Ministry of Social Development, Family and the Fight Against Hunger spoke out on the matter. The ministry's final decision was not to authorize payroll loans for citizens enrolled in programs such as Bolsa Família, then called Auxílio Brasil.
“We are protecting the core of the Bolsa Família Program. It is a resource intended for food. We are dealing with people facing hunger, individuals with basic needs to be met. This money cannot be tied to interest or fees,” said the minister of development and social assistance, family and the fight against hunger, Wellington Dias, when commenting on the federal government’s ban.
In effect, the executive branch declares that, although it recognizes the STF’s decision to allow payroll loans to be made available to Bolsa Família beneficiaries, an internal analysis would have identified the risks of this type of credit.
“We cannot take away from people’s tables, livelihood, or ability to feed themselves. Take away what made possible the efforts of the entire Brazilian nation to ensure Bolsa Família for approximately 21 million families, around 54 million individuals,” Wellington Dias reflected.
Read also: Bolsa Família and BPC: New Emergency Aid Announced; Learn More!
Loans for Bolsa Família
Even so, it is important to mention that Bolsa Família beneficiaries may apply for several other types of credit. At Caixa Econômica Federal, for example, there is the Progredir program, which specifically serves this more vulnerable group.
Immediately after checking eligibility for the money, simply follow the procedures below:
- Secure a guarantor;
- Schedule a visit from a Caixa agent;
- Wait 8 days after the visit to receive notification about the loan approval;
- If approved, wait for the money to be deposited into the Caixa account.
It is essential to clarify that this loan is not a payroll-deducted loan, meaning that the citizen will not have direct deductions from their benefit. They must make the payments as with any other standard credit option.
