What is the Family and Youth Fund?
Republic of Turkey has established a fund within the name of “Family and Youth Fund.”
The Family and Youth Fund, which is affiliated with the Ministry of Treasury and Finance, will provide an interest-free loan of 150 thousand liras to newlyweds.
Who can apply for the Family and Youth Fund?
Newly married Turkish citizen couples can apply to the fund. The age limit has not been announced yet.
How to apply for the Family and Youth Fund?
Those who want to use a loan from the fund will be able to apply via e-Government on the ‘aile.gov.tr’ website. The application will be processed by the Ministry of Family and Social Services.
Have applications for the Family and Youth Fund started? When will they start?
Applications for the Family and Youth Fund have not been opened yet. The fund is expected to be open for applications as of February 15 2024.
How much will the Family and Youth Fund give and how will it be repaid?
Within the scope of the Family and Youth Fund, 150 thousand Turkish Liras will be loaned to couples without interest. This money will not be repaid for two years. After two years, the money will be repaid in 4 years.
In which cities will the Family and Youth Fund start?
The pilot region for the Family and Youth Fund was selected as cities affected by earthquakes centered in Kahramanmaraş.
What are the conditions of the Family and Youth Fund?
Those who want to benefit from the Family and Youth Fund must benefit from the training and consultancy services offered by the Ministry of Family and Social Services before marriage, and undertake to benefit from the training and consultancy services that will be offered after their marriage.
How the expenses will be funded?
The fund will be supported by revenues from Turkey’s underground resources such as natural gas and oil.
