Overview
- Officials began handing out Banco del Bienestar cards in Michoacán, with 390 delivered at an event in Uruapan to beneficiaries from seven municipalities and a state target of 2,500 cards.
- The monthly stipend for apprentices rises to 9,582 pesos in 2026, up from 3,600 pesos at the program’s 2019 launch, according to state welfare officials.
- Mexico’s Labor Ministry reported a 25 billion peso allocation for the program in 2026, supporting the new payout cycle.
- The initiative closed 2025 with 409,226 active beneficiaries nationwide and linked about 25,000 young people in Michoacán during the year, according to program figures.
- Card delivery for new entrants included QR-based registration at municipal modules, identity verification by signature and photograph, organized lines, and guidance to prevent fraud despite notable waiting times.