Financial education program for soldiers in need launched by IDF, Bank of Israel, nonprofits

The Bank of Israel, the Class Actions Fund, and the IDF Manpower Directorate have launched a financial education program for soldiers in need. The initiative aims to support about 4,500 soldiers over three years, offering personalized guidance on budgeting, income management, and financial rights. Since March 2026, around 600 soldiers have participated. The launch event took place on August 12, 2026, with Governor Amir Yaron, Maj.-Gen. Dado Bar Kalifa, and Yaakov Sheinman in attendance. The program is operated by Pitchon Lev and HaTashtit nonprofits.

The Bank of Israel, the Class Actions Fund, and the IDF Manpower Directorate have launched a joint consumer and financial guidance program for IDF soldiers facing financial difficulties. The program aims to support about 4,500 soldiers over the next three years, providing personalized assistance including budget building, managing income and expenses, accessing financial rights, and using dedicated digital platforms. Since its start in March 2026, about 600 soldiers have participated. The program is operated by the Pitchon Lev nonprofit in cooperation with RiseUp, and the HaTashtit nonprofit in partnership with Citizen Impact, selected after a rigorous evaluation process. Bank of Israel Governor Prof. Amir Yaron, Class Actions Fund chairman Yaakov Sheinman, and IDF Manpower Directorate chief Maj.-Gen. Dado Bar Kalifa attended the launch event on August 12, 2026. Yaron emphasized the importance of financial education for young people who served the state, while Bar Kalifa said the IDF hopes to eventually expand the initiative to career service members. Sheinman called the initiative a significant social investment.