$1,700 hitting pockets in August ― Check if you qualify and payment date

$1,700 hitting pockets in August ― Whenever a country goes through an economic recession or emergency crisis, governments resort to stimulus payments to provide financial assistance directly to their citizens. These payments are given as a lump sum so that people can meet their essential needs. In the US, these schemes are run at both state and federal levels, but there are some states which make permanent payments to their residents every year.

The name of one such state is Alaska, where the state government gives residents a share of the profits from their state’s mineral and oil resources every year. In the year 2025, this amount has been fixed at $1,702, which will reach the bank accounts of the residents by August.

Federal stimulus support was received during the time of Kovid-19

A large number of US citizens lost their jobs during the Corona epidemic. At that time the unemployment rate had reached a situation similar to the Great Depression of 1930. In such a situation, the then Biden administration distributed economic relief funds (Economic Impact Payments – EIPs) in three phases.

The last stimulus payment in this was $1,400, which people could claim till the recent tax filing season. Although no new comprehensive stimulus plan has been announced by the Trump administration so far, but under the recently passed ‘Big, Beautiful Bill’, one-time assistance will be given to certain people. In this, families in which a newborn is born between 2025 and 2028 will be given an amount of $1,000 under the ‘Trump Account’ scheme so that they can start saving for the future of their children.

Stimulus payment of $1,702 in Alaska: Who will get the benefit?

Although no new stimulus has come from the federal government at the moment, there is good news for the citizens of the state of Alaska. Under the Permanent Fund Dividend (PFD) plan here, every year all eligible citizens are given a share of the profit earned from the mineral resources of the state.

This scheme was started in 1980 and is operated by the Alaska Department of Revenue. Since Alaska has a population of about 6 lakhs and resources are abundant, the government shares this benefit with the residents here.

This year, an amount of $1,702 is being given to every eligible resident under PFD.

Eligibility Criteria: Are you eligible for this payment?

If you live in Alaska and want to know if you are eligible for this payment, read the criteria below:

• You must be an Alaska resident.
• You must have been living in Alaska for at least the last 12 months and have no intention of moving out in the future.
• If you are out of state (such as due to studies, military service, etc.), you must have spent at least 72 hours in Alaska in the last 24 months.
• You must not have been in prison for any felony (serious crime) in the last 12 months.
• If you have been convicted of a felony or a minor crime twice since 1997, you must not have any new crime registered against you in the last 12 months.

Payment dates: When will you get your stimulus?

This year the payment process has started from June 18 and it will continue till August 21. See the key dates below:

• People whose status was “Eligible-Unpaid” till June 11, have received payment on June 18.
• If your status was “Eligible-Not Paid” till July 9, then your payment should have been received on July 17.
• If your status is still “Eligible-Unpaid” and you have not received money till July 17, then your payment will come by August 21 if your status remains the same till August 13.
• Important: If you had not applied in this scheme by March 31, 2025, then you will not be able to avail the benefit this year. Now you have to wait for the next year.

Alaska’s permanent benefit model – an example for other states

This model of Alaska is a great example of how state governments can benefit citizens by using their resources properly. Neither its process is complicated, nor the eligibility is very strict. The special thing is that this stimulus is given every year, not only in an emergency.

Such an initiative has not been seen in many other states. This fund of Alaska provides direct benefits of the natural wealth there to the people, which not only provides financial assistance to the people but also keeps them emotionally attached to the state.

Conclusion: Did you check your status?

If you are a resident of Alaska and meet all the eligibility criteria mentioned above, then check your status today by visiting the official website of PFD. If your status is “Eligible-Unpaid”, then the next installment can come by August 21.

This stimulus is not just an economic support, but a symbol of partnership between the state and the citizens. So do not take it lightly and if you have not applied till now, then start preparing for next year from now.

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