Cash transfers are direct payments made to individuals or families, often provided by governments or organizations to support those in need. These transfers can help alleviate poverty, improve living standards, and provide financial assistance during emergencies. They can be unconditional, meaning recipients can use the money as they wish, or conditional, requiring certain behaviors, like attending school or health check-ups.
Programs like Universal Basic Income and Conditional Cash Transfers are examples of cash transfer initiatives. They aim to empower recipients by giving them financial resources, which can lead to better health, education, and economic stability. Cash transfers are increasingly recognized as effective tools for social protection.