Guaranteed Minimum Income Subsidy in Bogota: check here if you are one of the 273,233 beneficiary households and how to collect it
Transfers will be made during the remainder of the month in a staggered manner through the partner banks. If the beneficiary does not receive the amount immediately, it will remain in the associated bank account.
How do you know if you are entitled to receive the Guaranteed Minimum Income?
To find out if you or one of your family members is a beneficiary of the Guaranteed Minimum Income program, please note that the Mayor’s Office of Bogota has 16 local sub-directorates of the District Secretariat for Social Integration.
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At the sub-directorate closest to your home, you can inquire directly if your family is eligible to receive this incentive. To do so, you can find the office nearest to you here.
In addition, you can access the petitions, complaints and claims portal to request more information. To do so, please go to https://bogota.gov.co/sdqs/.
What are the requirements to obtain the Guaranteed Minimum Income?
Since its first implementation in 2021, the program has been modified to optimize its scope. Please note that, as of January 2023, you are considered eligible to receive the Guaranteed Minimum Income if you meet the following requirements:
- You are registered in the Sisbén IV system in Bogotá.
- You have a score that places you in groups A or B of the Sisbén IV.
- You have an active account in the financial entities allied with the Secretaría Distrital de Hacienda. These are Davivienda (Daviplata), Bancolombia (Ahorro a la Mano – ALM and Nequi), Movii, Banco de Occidente (Dale) and Powwi.
If you or your family members have not yet completed the Sisbén IV survey, remember that you can request it at the RedCADE service points or through http://sisbensol.sdp.gov.co/registro-solicitudes.
How much is the Guaranteed Minimum Income?
The so-called IMG (for its name in Spanish) does not have the same value for all beneficiaries. The Mayor’s Office determines what amount to receive based on the score in the Sisbén and other factors that allow to have a rough idea of which families need more funds.
Each of the beneficiary families receives an amount that corresponds to their needs, according to the studies carried out by the Mayor’s Office of the city. Therefore, the measure establishes that beneficiaries may receive up to a total of $740,000 per transfer, and a minimum of $300,000.
How to collect the Guaranteed Minimum Income?
Remember that the transfer of the amount is made through the allied entities. To make the payment, please note that the program has the following banking agreements:
- Bancolombia (ahorro a la mano / Nequi)
- Davivienda (Daviplata)
- Movii
- Banco de Occidente (Dale)
- Pagos GDE S.A. (Powwi)
Find more information about each of the agreements here.
All about Guaranteed Minimum Income
The Mayor’s Office of Bogota first implemented the program in March 2021 as part of a strategy to mitigate the economic losses caused by the Covid-19 pandemic.
Since then, monthly transfers are made to families that meet the established requirements. Payments are made throughout the month and typically begin in the first few days of the month, although transfers may begin in the second week.
For the month of July, the Mayor’s Office will invest more than 49 billion pesos to cover the payments of the 273,233 beneficiary families. This figure exceeds by 4 billion pesos the investment made the previous month, due to the increase in the opening of bank accounts by the low-income population.
Currently, the locality where most of the beneficiary families are concentrated is Ciudad Bolivar. It is followed by Bosa, Kennedy, Usme and Suba.
It is expected that the Guaranteed Minimum Income measure will continue to promote the economic development of low-income households in the Colombian capital. More information on the program can be found here.
