Difference between revisions of "Obnalichivanie (Russia)"

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Maternity (Family) Capital (''Materinskii (semeinii) Kapital''), usually referred to as Maternity Capital, is a maternity benefit programme in Russia, introduced on 1 January 2007. It is part of a package of measures introduced by President Vladimir Putin aimed at boosting Russia’s declining birth rate. It provides mothers with a capital sum when they give birth to, or adopt, a second or subsequent child. The capital is not provided in cash; rather, a certificate is issued, to be exchanged for one of several specific services. The claimant’s options to use the capital are the following:
Maternity (Family) Capital (''Materinskii (semeinii) Kapital''), usually referred to as Maternity Capital, is a maternity benefit programme in Russia, introduced on 1 January 2007. It is part of a package of measures introduced by President Vladimir Putin aimed at boosting Russia’s declining birth rate. It provides mothers with a capital sum when they give birth to, or adopt, a second or subsequent child. The capital is not provided in cash; rather, a certificate is issued, to be exchanged for one of several specific services. The claimant’s options to use the capital are the following:
i. For the improvement of the family’s living conditions by the acquisition, construction or refurbishment of an individual home, or as an initial payment on a credit or mortgage loan used for the acquisition or improvement of a property;
* For the improvement of the family’s living conditions by the acquisition, construction or refurbishment of an individual home, or as an initial payment on a credit or mortgage loan used for the acquisition or improvement of a property;
ii. As payment towards the cost of the child’s education, including pre-school;  
* As payment towards the cost of the child’s education, including pre-school;  
iii. For the social adaptation of children with disabilities; or
* For the social adaptation of children with disabilities; or
iv. To pay into an individual pension account for the mother.
* To pay into an individual pension account for the mother.
The certificate can be changed only after the third birthday of the child, so the payments were made from the beginning of 2010.
The certificate can be changed only after the third birthday of the child, so the payments were made from the beginning of 2010.


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