Overview
- The Secretaría de Bienestar issued Banco del Bienestar cards loaded with 466.259 million pesos to 364 Michoacán communities under the FAISPIAM program today.
- A July 18 amendment to Article 2 of the constitution permanently enshrined FAISPIAM as a federal fund dedicated to indigenous and Afromexican social infrastructure.
- Beneficiary communities will use their cards to democratically allocate resources for water, drainage, electrification, education, health and housing projects.
- Legal safeguards under Mexico’s general budget laws ensure FAISPIAM funds retain their federal character and remain subject to federal auditing.
- Since 2022, the state’s Faeispum program has completed 84 public-service infrastructure works worth 103.4 million pesos in 35 self-governed indigenous communities.