New Family Savings Plan Offers Long-Term Wedding Funding for All Children

What happened

1. 01Central Gemach offers a single family plan covering all current and future children’s weddings.
2. 02Families choose funding amounts from 40,000 to 400,000 shekels with fixed monthly payments.
3. 03The plan includes up to 24,000 shekels grant per child to reduce repayment amounts.
4. 04Loans are interest-free and repaid over 100 installments, clarifying future costs.
5. 05A growing amount option increases funding by 2% annually to offset rising wedding expenses.
6. 06Plans are customized per family based on children’s number, ages, and payment ability.

Translated and summarized by baba from Behadrei Haredim, the latest report. Read Behadrei Haredim’s original