Minister Göktaş Announces Expansion of Family and Youth Fund: "We Will Continue to Support Our Youth"
Translated from Turkish, summarized and contextualized by DistantNews.
At a glance
- Turkey's Minister of Family and Social Services announced an expansion of the Family and Youth Fund.
- Couples who have a second child during the loan's repayment period will have their remaining installments forgiven.
- The fund aims to support young people in establishing families and continues to offer interest-free loans.
As reported by Sabah, Minister of Family and Social Services Mahinur Özdemir Göktaş has highlighted a significant expansion of the Family and Youth Fund, a key initiative aimed at supporting young couples in Turkey.
We will continue to support our youth in establishing their homes and multiplying our family stories.
In a social media announcement, Minister Göktaş detailed President Recep Tayyip Erdoğan's latest pledge: for couples who welcome a second child during the loan's repayment phase, the entirety of their remaining loan installments will be waived. This generous policy builds upon previous support, demonstrating the government's commitment to fostering family growth.
We are forgiving all of the remaining installments of our couples who have their second child within the repayment period within the scope of the Family and Youth Fund.
This initiative underscores Turkey's national priority on strengthening family structures and encouraging larger families. The fund, which provides interest-free loans ranging from 200,000 to 250,000 lira depending on age, has already supported nearly 9,200 couples. The government views this not just as financial aid but as an investment in the nation's future, aiming to 'multiply our family stories.' This focus on demographic growth and family support is a cornerstone of President Erdoğan's vision for Turkey's long-term prosperity and social cohesion, a perspective that resonates deeply within the country and differs from Western nations' approaches to family policy.
We are carrying this one step further. In case of the second child also being born during the repayment period, we will forgive all of the remaining installments.
Minister Göktaş reiterated the ministry's dedication to supporting young people's first steps toward establishing a home, stating, "We will continue to support our youth in establishing their homes and multiplying our family stories." The updated loan terms, including a 48-month repayment period with a two-year grace period, are designed to make homeownership more accessible for young couples, reflecting a proactive approach to demographic challenges and national development.
The loan support is provided as 250,000 lira for couples where both are between 18-25 years old, and 200,000 lira for those between 26-29 years old.
Originally published by Sabah in Turkish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.