Singapore Households Can Now Claim $100 Worth of CDC Vouchers
Singaporean households can claim $100 worth of CDC vouchers starting from 11 May, thanks to the new tranche of vouchers that was launched.
The Community Development Council (CDC) launched the latest trance of vouchers with the intent that it will help household expenses. The CDC vouchers are geared toward supporting merchants and heartland hawkers with their daily expenses at home.
A S$560 Million Allocation
The new tranche of vouchers is part of the Singapore Government’s Household Support Package announced as part of Budget 2022. The allocation for the package is S$560 million.
Originally planned for the end of the year, the CDC vouchers disbursement will now happen in mid-May. This is due to the rise in the cost of living. The new trance of vouchers comes on the heels of the vouchers that were given out in December 2021. For the first time ever, these vouchers were digitally distributed to Singaporean households.
Claiming Your CDC Vouchers
All households in Singapore will be able to claim their vouchers until the end of 2022. During this period, they must claim and spend the vouchers. This is applicable to both the schemes from last year and this year.
To claim the vouchers, one family member must log in to their designated Singpass account. From there, they will be able to claim the voucher for the household. Once claimed, they should receive a link to the vouchers. This link will be sent to the registered mobile number linked to the family member who made the claims.
Once they have received the link, the family member can then share the link with the whole household. For those who are not as digitally savvy, there will be support available at community centres or the SG Digital Community Hubs. If needed, there is an option of printing a hardcopy version of these CDC vouchers.
Schemes Met With Success
Every scheme launched will have its pros and cons. However, the voucher scheme so far has been met with positive feedback. This includes seniors and businesses who found it easy to access their vouchers using the system. 93 percent of Singaporean households have already claimed the first tranche of vouchers to date. Of the total amount allocated, 70 percent (S$85 million) worth of vouchers have already been spent.
Many users of the system have left positive feedback regarding their user experience. The digital vouchers are much easier to use than initially anticipated. This has contributed to the high spending amount recorded among Singaporean households.
Those who have claimed their vouchers in December 2021 have already found good use for it. More than half those vouchers claimed have already been spent. This was all in less than six months since the vouchers were launched.
There is no doubt that these CDC vouchers have absolutely given hawkers and merchants the boost they need. The launch of the vouchers is a good thing because it gives many hawkers and merchants the business boost that they need. A little can go a long way toward helping a business survive.
A Small Gesture of Goodwill
Although the amount may seem small, the vouchers are the Government’s way of supporting fellow Singaporeans during this time. The rise in prices has been attributed to the ongoing disruption in supply chains because of the war in Ukraine.
With the ongoing uncertainties, the Singaporean Government assures its people that they will continue to do the best they can to help cushion the impact. Low and middle-income families in particular will need all the support they can get. The government will continue to monitor the situation closely.
If needed, more measures will be implemented to help both businesses and households the boost they need.
Another Package in Budget 2022
The Assurance Package will see two tranches of CDC vouchers launched. Singaporeans will be able to use these vouchers in supermarkets too. Each will be worth S$200 and all Singaporean households will benefit from this in 2023 and 2024.
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