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The Social Fund in the UK was a form of welfare benefit provision ... It is an interest-free loan. The Social Fund Directions make clear that the purpose of the loan ...
Budgeting Loans are interest free loans from the Social Fund that are available only to people claiming certain income-related benefits. [1] Although the discretionary element of the Social Fund was abolished those who have not yet been transferred over to Universal Credit can still apply.
Local welfare assistance schemes are a feature of the British welfare system following the abolition of the discretionary element of the Social Fund. LWAS replaced crisis loans and community care grants which were to elements of the Social Fund. [1] An example of a local welfare assistance scheme is the Essential Living Fund in Essex.
The Essential Living Fund (ELF) [1] is a local welfare assistance scheme in Essex, England that was introduced in April 2013 following the abolition of the discretionary element of the Social Fund. It replaces two discretionary elements of the Social Fund - crisis loans and community care grants . [ 2 ]
A social fund (sometimes also called Social Investment Fund, Social Fund for Development, Social Action Fund, National Solidarity Fund or Social Development Agency) is an institution, typically in a developing country, that provides financing (usually grants) for small-scale public investments targeted at meeting the needs of poor and vulnerable communities. [1]
The "Social Security Trust Fund" comprises two separate funds that hold federal government debt obligations related to what are traditionally thought of as Social Security benefits. The larger of these funds is the Old-Age and Survivors Insurance (OASI) Trust Fund, which holds in trust special interest-bearing federal government securities ...