116 UAH per person: incredible “benefits” of buying Ukrainian with the National Cashback
5 February 10:22
According to the head of the Verkhovna Rada’s Finance Committee, Danylo Hetmantsev, in January 2025, the National Cashback program showed its first drop since its launch. The amount of cashback accumulated amounted to UAH 414 million, which is 22 million less than in December 2024, when UAH 436 million was accumulated, Komersant ukrainskyi reports.
Cashback for customers
Detailed dynamics of payments by month:
- November 2024: uAH 232 million for 2 million recipients. The average payout is 116 hryvnias.
- December 2024: UAH 436 million for 4.5 million participants.
- January 2025: UAH 414 million for more than 5 million participants.
Thus, in January, the average refund in the National Cashback program will be about UAH 82.
What about manufacturers?
Dynamics of manufacturers joining the program:
- Mid-November 2024: 1586 producers (324 thousand goods) in the first 2.5 months after the program launch.
- End of December 2024: 1665 manufacturers (360 thousand products).
- End of January 2025: more than 1700 producers (365 thousand products).
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General indicators
Over the five months of the program, the total amount of accumulated cashback reached almost UAH 1.3 billion, of which UAH 388.4 million was actually paid out. The funds accumulated in December-January will become available only at the end of February and will be spent mainly in March.
The initial goal of the program was to reach UAH 3 billion per quarter (UAH 12 billion per year), which was supposed to support domestic producers by stimulating the purchase of Ukrainian goods. However, current indicators suggest that the program’s “growth potential” may be close to being exhausted, with monthly payments expected to stabilize at UAH 100 per participant.
In general, as wrote, the National Cashback program did not work: only 0.001 of GDP growth.
How the National Cashback works
The state returns 10% of the cost of Ukrainian goods from a special list purchased in participating stores. The funds are transferred to a special National Cashback card, which cannot be withdrawn.
The program involves 17 partner banks, including the country’s largest financial institutions. The number of participating manufacturers has reached 1665, and the total number of Ukrainian goods covered by cashback is 360 thousand items.
What you can spend the money on:
- Utilities.
- Medical services.
- Education.
- Transportation.
- Mobile communication.
- Insurance.
- Books and printed materials.
- Medicines and medical products of Ukrainian origin.
- Charity.
- Donations to the Armed Forces of Ukraine through charitable foundations.
The maximum cashback amount is 3000 UAH per month.
How to join the program
To participate in the program, you need to apply through the mobile application of an authorized bank or contact a branch, open a National Cashback card and activate it in the Diia application.