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The death of project owners does not cancel youth loans

June 5, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
The death of project owners does not cancel youth loans

The government has decided, through the youth employment support system, that the death of a beneficiary of the micro-enterprise support system does not automatically lead to the cancellation of the project or exempt the heirs from financial obligations. Instead, the situation is handled according to flexible mechanisms that take into account the continuity of activity or the settlement of the loan on a case-by-case basis. Under this approach, in some cases, the project can be transferred to a qualified family member to continue the economic activity, while the granted loans remain in effect and are settled either through rescheduling or through settlement arrangements between the bank, the agency, and the beneficiary, preserving the contractual nature of the financing. Debt rescheduling according to repayment capacity.

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