Gyeonggi Province Accepting Applications for 'Nuri Bank Account' Supporting Independent Living for Severely Disabled Youth until August 31

Gyeonggi Province is accepting new applications for the “Disabled Nuri Bank Account” throughout the month of August to help establish a foundation for independent living among young people with disabilities.

The Gyeonggi Province Disabled Nuri Bank Account is an asset-building support program in which, for a period of 24 months, the province matches the amount that a disabled individual saves each month—up to 100,000 won. At maturity, participants can receive a lump sum of approximately 5 million won, including principal and interest. The program is receiving strong positive feedback from young people with disabilities.

The program targets “severely disabled individuals” as defined by the Disability Welfare Act, aged 19 (born in 2007) to 23 (born in 2003), who reside in Gyeonggi Province. In the first year of the program in 2022, eligibility began with 19-year-olds, and starting in 2024, the age range was expanded to include those aged 19 to 23, in response to demonstrated demand. In fact, 3,369 participants had matured and closed their accounts between 2022 and 2023, and as of June 2024, those who joined this year are in the process of receiving their accrued savings. Another round of account maturities is scheduled for the second half of the year.

Notably, unlike most asset-building support programs, which restrict eligibility based on employment status or income levels, the Nuri Bank Account sets no requirements regarding income or assets. Eligibility is determined solely based on degree of disability and age, thereby lowering the entry barrier for support.

Gyeonggi-do Disabled Nulim Account Information Poster

Applications must be submitted in person at the local eup/myeon/dong administrative welfare center corresponding to the applicant’s registered residence. If the applicant is unable to visit in person, a direct descendant or another household member may apply on their behalf. However, individuals who are already enrolled in similar asset-building support programs or have previously received matched savings from such programs are not eligible to apply again.

For more information regarding new applications, please contact the Gyeonggi Province Disabled Welfare Integrated Support Center at 1544-6395, or your local city/county disabled welfare office or administrative welfare center.

Kang Ilhee, Director of Disability Welfare in Gyeonggi Province, stated, “We hope the Nuri Bank Account will serve as a valuable foundation for young people with disabilities to participate in society and realize their dreams,” adding, “We encourage as many eligible young people with disabilities as possible to actively apply and receive these benefits.”

This content was produced with the assistance of AI translation services.